Relx (NYSE:RELX – Get Free Report) was downgraded by equities research analysts at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, Marketbeat reports.
Several other brokerages have also recently commented on RELX. The Goldman Sachs Group reissued a “buy” rating on shares of Relx in a research report on Tuesday, June 30th. JPMorgan Chase & Co. restated a “buy” rating on shares of Relx in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Relx in a report on Friday, July 24th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Relx in a research report on Tuesday, October 6th. Finally, UBS Group reiterated a “buy” rating on shares of Relx in a report on Tuesday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Relx has a consensus rating of “Moderate Buy”.
Read Our Latest Report on Relx
Relx Stock Performance
Relx stock opened at $39.24 on Tuesday. Relx has a 1-year low of $27.57 and a 1-year high of $47.22. The company has a fifty day simple moving average of $35.02 and a 200 day simple moving average of $34.28. 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 modified their holdings of RELX. Arrowstreet Capital Limited Partnership raised its holdings in shares of Relx by 185.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock valued at $140,955,000 after purchasing an additional 2,763,766 shares during the period. Bank of America Corp DE grew its holdings in Relx by 14.3% during the first quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company’s stock worth $138,568,000 after purchasing an additional 522,619 shares during the period. Lazard Asset Management LLC grew its holdings in Relx by 12.1% during the first quarter. Lazard Asset Management LLC now owns 3,040,217 shares of the technology company’s stock worth $100,783,000 after purchasing an additional 328,282 shares during the period. Royal Bank of Canada grew its holdings in Relx by 12.1% during the first quarter. Royal Bank of Canada now owns 1,736,295 shares of the technology company’s stock worth $57,558,000 after purchasing an additional 187,132 shares during the period. Finally, Sei Investments Co. increased its position in Relx by 25.3% during the first quarter. Sei Investments Co. now owns 528,854 shares of the technology company’s stock worth $17,531,000 after buying an additional 106,777 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.
Relx Company Profile
RELX PLC is a global information-based analytics and decision tools company serving professional and business customers. The company provides data, software, research, and workflow solutions that help organizations make decisions, manage risk, improve productivity, and access specialized knowledge.
Its main business areas include scientific, technical, and medical information; risk and business analytics; legal information and technology; and industry-focused events. Products and services include research platforms such as ScienceDirect and Scopus, legal research and workflow solutions offered through LexisNexis, and risk-management, fraud-prevention, and identity solutions provided through LexisNexis Risk Solutions.
RELX serves customers internationally, including universities, researchers, law firms, government agencies, insurers, financial institutions, corporations, and healthcare professionals.
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