Relx (NYSE:RELX) Stock Rating Upgraded by Wall Street Zen

Relx (NYSE:RELX) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on RELX. Weiss Ratings upgraded shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. The Goldman Sachs Group initiated coverage on shares of Relx in a report on Wednesday, June 3rd. They set a “buy” rating for the company. Finally, Barclays reissued an “overweight” rating on shares of Relx in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Relx has a consensus rating of “Moderate Buy”.

Relx Price Performance

Shares of NYSE RELX opened at $35.50 on Friday. The firm’s fifty day moving average is $34.56 and its 200 day moving average is $33.98. Relx has a 52 week low of $27.57 and a 52 week high of $48.40. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 5.23.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its position in shares of Relx by 7.4% during the second quarter. Geneos Wealth Management Inc. now owns 4,007 shares of the technology company’s stock valued at $218,000 after purchasing an additional 275 shares in the last quarter. Horizon Investments LLC raised its holdings in Relx by 23.0% in the third quarter. Horizon Investments LLC now owns 1,517 shares of the technology company’s stock worth $72,000 after purchasing an additional 284 shares in the last quarter. Hancock Whitney Corp raised its holdings in Relx by 6.0% in the third quarter. Hancock Whitney Corp now owns 5,196 shares of the technology company’s stock worth $248,000 after purchasing an additional 292 shares in the last quarter. Lido Advisors LLC lifted its position in Relx by 1.4% during the third quarter. Lido Advisors LLC now owns 22,124 shares of the technology company’s stock valued at $1,057,000 after buying an additional 299 shares during the period. Finally, Bridgewater Advisors Inc. lifted its position in Relx by 2.9% during the first quarter. Bridgewater Advisors Inc. now owns 11,404 shares of the technology company’s stock valued at $361,000 after buying an additional 320 shares during the period. 15.02% of the stock is currently owned by institutional investors.

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.