Relx Plc (NYSE:RELX) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Relx Plc (NYSE:RELX) have been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company.

RELX has been the topic of several analyst reports. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Zacks Research upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft upgraded Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Finally, Barclays reiterated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th.

Institutional Trading of Relx

Hedge funds have recently added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC increased its holdings in shares of Relx by 3.5% during the second quarter. Frank Rimerman Advisors LLC now owns 6,866 shares of the technology company’s stock worth $373,000 after buying an additional 230 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Relx by 1.0% in the 2nd quarter. Venturi Wealth Management LLC now owns 24,476 shares of the technology company’s stock worth $1,330,000 after purchasing an additional 232 shares in the last quarter. Whipplewood Advisors LLC raised its position in Relx by 15.7% in the second quarter. Whipplewood Advisors LLC now owns 1,719 shares of the technology company’s stock valued at $93,000 after purchasing an additional 233 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Relx by 6.3% during the third quarter. Global Retirement Partners LLC now owns 4,067 shares of the technology company’s stock valued at $194,000 after purchasing an additional 240 shares in the last quarter. Finally, Marks Group Wealth Management Inc grew its holdings in shares of Relx by 1.0% during the second quarter. Marks Group Wealth Management Inc now owns 23,789 shares of the technology company’s stock worth $1,293,000 after purchasing an additional 243 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Up 0.1%

Shares of Relx stock opened at $39.88 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. Relx has a 12-month low of $39.18 and a 12-month high of $56.33. The firm’s 50-day moving average price is $40.76 and its two-hundred day moving average price is $45.25.

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.