Relx (NYSE:RELX) Upgraded to “Strong-Buy” at Zacks Research

Relx (NYSE:RELX) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Barclays restated an “overweight” rating on shares of Relx in a research note on Tuesday, October 7th. Kepler Capital Markets upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Relx in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Relx Stock Performance

Shares of NYSE RELX opened at $42.20 on Tuesday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. Relx has a fifty-two week low of $39.31 and a fifty-two week high of $56.33. The business has a 50 day moving average price of $41.12 and a two-hundred day moving average price of $46.19.

Institutional Investors Weigh In On Relx

Institutional investors have recently modified their holdings of the business. NewSquare Capital LLC boosted its stake in Relx by 522.0% in the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after acquiring an additional 475 shares during the period. Salomon & Ludwin LLC raised its position in shares of Relx by 1,646.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock worth $32,000 after purchasing an additional 642 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Relx by 99.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock worth $33,000 after purchasing an additional 303 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Relx by 191.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock worth $33,000 after purchasing an additional 460 shares during the last quarter. Finally, Harbor Asset Planning Inc. acquired a new position in Relx during the 2nd quarter valued at approximately $37,000. Institutional investors own 15.02% of the company’s stock.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.