Citigroup Begins Coverage on Relx (NYSE:RELX)

Equities research analysts at Citigroup assumed coverage on shares of Relx (NYSE:RELX) in a note issued to investors on Monday, Marketbeat.com reports. The firm set a “neutral” rating on the technology company’s stock.

RELX has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Kepler Capital Markets upgraded Relx from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Barclays reissued an “overweight” rating on shares of Relx in a research note on Tuesday, October 7th. Finally, Zacks Research upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Relx presently has a consensus rating of “Buy”.

Relx Trading Down 0.3%

Shares of Relx stock traded down $0.11 on Monday, reaching $43.03. The company had a trading volume of 449,343 shares, compared to its average volume of 2,187,399. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The firm’s 50-day moving average price is $41.06 and its two-hundred day moving average price is $46.00. Relx has a 1 year low of $39.31 and a 1 year high of $56.33.

Institutional Investors Weigh In On Relx

Large investors have recently bought and sold shares of the company. NewSquare Capital LLC boosted its holdings in shares of 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 buying an additional 475 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Relx by 99.3% during the second 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. Harbor Asset Planning Inc. acquired a new stake in Relx in the 2nd quarter valued at $37,000. Salomon & Ludwin LLC lifted its position in 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 buying an additional 642 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Relx by 191.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock worth $33,000 after buying an additional 460 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

About Relx

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.