RELX NV (RENX) Upgraded to “Buy” by Zacks Investment Research
RELX NV (NYSE:RENX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage presently has a $19.00 price target on the stock. Zacks Investment Research’s target price would suggest a potential upside of 13.23% from the company’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. “
RELX NV (NYSE:RENX) opened at 16.78 on Wednesday. The firm has a 50 day moving average price of $17.54 and a 200 day moving average price of $17.37. RELX NV has a 52 week low of $15.14 and a 52 week high of $18.34. The stock has a market capitalization of $34.49 billion, a P/E ratio of 25.20 and a beta of 1.05.
Several large investors have recently modified their holdings of the company. Ngam Advisors L.P. increased its stake in shares of RELX NV by 206.1% in the second quarter. Ngam Advisors L.P. now owns 358,434 shares of the company’s stock valued at $6,241,000 after buying an additional 241,322 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of RELX NV by 135.0% in the first quarter. Envestnet Asset Management Inc. now owns 362,476 shares of the company’s stock valued at $6,354,000 after buying an additional 208,250 shares during the last quarter. Royal Bank of Canada increased its stake in shares of RELX NV by 498.8% in the second quarter. Royal Bank of Canada now owns 118,720 shares of the company’s stock valued at $2,067,000 after buying an additional 98,893 shares during the last quarter. US Bancorp DE increased its stake in shares of RELX NV by 17.0% in the second quarter. US Bancorp DE now owns 586,796 shares of the company’s stock valued at $10,216,000 after buying an additional 85,362 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of RELX NV during the second quarter valued at $1,269,000. 1.37% of the stock is owned by 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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