Relx (NYSE:RELX) Downgraded by ValuEngine

ValuEngine downgraded shares of Relx (NYSE:RELX) from a sell rating to a strong sell rating in a report released on Wednesday, ValuEngine reports.

Separately, Zacks Investment Research downgraded Relx from a buy rating to a hold rating in a research report on Thursday, September 26th.

Shares of RELX opened at $23.32 on Wednesday. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.45 and a quick ratio of 0.40. Relx has a one year low of $19.23 and a one year high of $24.99. The firm has a market capitalization of $44.90 billion, a P/E ratio of 20.64, a PEG ratio of 3.06 and a beta of 0.45. The business has a fifty day moving average of $23.56 and a 200 day moving average of $23.36.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coastal Investment Advisors Inc. lifted its position in Relx by 59.1% during the second quarter. Coastal Investment Advisors Inc. now owns 1,139 shares of the technology company’s stock valued at $28,000 after purchasing an additional 423 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Relx by 156.4% in the second quarter. Advisory Services Network LLC now owns 1,631 shares of the technology company’s stock valued at $40,000 after acquiring an additional 995 shares in the last quarter. Financial Gravity Wealth Inc. lifted its position in shares of Relx by 108.4% in the second quarter. Financial Gravity Wealth Inc. now owns 2,863 shares of the technology company’s stock valued at $70,000 after acquiring an additional 1,489 shares in the last quarter. Shine Investment Advisory Services Inc. lifted its position in shares of Relx by 27.0% in the second quarter. Shine Investment Advisory Services Inc. now owns 3,487 shares of the technology company’s stock valued at $85,000 after acquiring an additional 741 shares in the last quarter. Finally, Willingdon Wealth Management lifted its position in shares of Relx by 17.6% in the second quarter. Willingdon Wealth Management now owns 4,980 shares of the technology company’s stock valued at $122,000 after acquiring an additional 744 shares in the last quarter. Institutional investors own 2.90% of the company’s stock.

About Relx

RELX PLC provides information based-analytics and decision tools for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals that enables progress in science, advance healthcare, and performance improvement.

Featured Article: How a Back-End Load Mutual Fund Works

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Relx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Relx and related companies with MarketBeat.com's FREE daily email newsletter.