Zacks Investment Research Upgrades RELX NV (RENX) to “Buy”
RELX NV (NYSE:RENX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $19.00 target price on the stock. Zacks Investment Research’s target price would indicate a potential upside of 14.25% from the stock’s previous close.
According to Zacks, “RELX NV provides professional information solutions primarily in North America and Europe. The company’s operating segments consists of Scientific, Technical & Medical; Risk & Business Information; Legal, and Exhibitions. Scientific, Technical & Medical segment provides information and tools to help customers improve scientific and healthcare outcomes. Risk & Business Information segment provides data and analytics which enable customers to evaluate and manage risk. Legal segment provides legal, regulatory, news, business information and analysis to legal, corporate, Government and academic customers. Exhibitions segment, through the subsidiary Reed Exhibitions, organizes market events relevant to industry needs. RELX NV, formerly known as Reed Elsevier NV, is based in Amsterdam, the Netherlands. “
Shares of RELX NV (NYSE:RENX) opened at 16.63 on Wednesday. The stock has a market capitalization of $34.18 billion, a price-to-earnings ratio of 24.97 and a beta of 1.05. RELX NV has a 12-month low of $15.14 and a 12-month high of $18.34. The company has a 50-day moving average of $17.70 and a 200 day moving average of $17.40.
Several large investors have recently added to or reduced their stakes in RENX. Kanaly Trust Co increased its stake in RELX NV by 13.0% in the second quarter. Kanaly Trust Co now owns 7,842 shares of the company’s stock worth $137,000 after buying an additional 903 shares during the period. KCG Holdings Inc. purchased a new stake in RELX NV during the second quarter worth approximately $177,000. Citadel Advisors LLC purchased a new stake in RELX NV during the second quarter worth approximately $198,000. HBK Investments L P purchased a new stake in RELX NV during the first quarter worth approximately $234,000. Finally, Jane Street Group LLC increased its stake in RELX NV by 15.7% in the second quarter. Jane Street Group LLC now owns 14,112 shares of the company’s stock worth $246,000 after buying an additional 1,916 shares during the period. 1.37% of the stock is owned by hedge funds and other institutional investors.
About RELX NV
RELX NV is a Netherlands-based company holding shares in RELX Group plc. RELX Group plc is a global provider of information and analytics for professional and business customers across industries. RELX Group plc serves customers in more than 180 countries. The Company operates in four market segments.
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