Relx Plc (NYSE:RELX – Get Free Report) has received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.
A number of brokerages have weighed in on RELX. Weiss Ratings raised Relx from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Morgan Stanley downgraded Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group assumed coverage on Relx in a report on Wednesday, June 3rd. They issued a “buy” rating for the company. Finally, Citigroup raised Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th.
Check Out Our Latest Stock Report on RELX
Relx Price Performance
Institutional Trading of Relx
Several large investors have recently modified their holdings of RELX. Capital International Investors raised its holdings in Relx by 66.7% in the 4th quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock worth $433,887,000 after acquiring an additional 4,264,474 shares during the period. Morgan Stanley boosted its holdings in Relx by 7.0% during the fourth quarter. Morgan Stanley now owns 6,279,696 shares of the technology company’s stock valued at $253,825,000 after acquiring an additional 408,833 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Relx by 185.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock valued at $140,955,000 after acquiring an additional 2,763,766 shares during the period. Bank of America Corp DE grew its position in shares of Relx by 14.3% in the first quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company’s stock valued at $138,568,000 after purchasing an additional 522,619 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Relx by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,502,488 shares of the technology company’s stock valued at $141,583,000 after purchasing an additional 56,363 shares during the last quarter. 15.02% of the stock is owned by institutional investors.
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.
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