Relx Plc (NYSE:RELX) Given Consensus Recommendation of “Buy” by Analysts

Relx Plc (NYSE:RELX) has received a consensus rating of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company.

RELX has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Barclays restated an “overweight” rating on shares of Relx in a research note on Tuesday, October 7th. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research raised Relx from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Finally, Citigroup assumed coverage on shares of Relx in a research note on Monday, January 12th. They issued a “neutral” rating for the company.

Relx Price Performance

Shares of NYSE:RELX opened at $40.32 on Friday. The company’s 50-day moving average price is $40.82 and its two-hundred day moving average price is $45.39. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. Relx has a one year low of $39.31 and a one year high of $56.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Relx by 7.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,446,125 shares of the technology company’s stock valued at $164,575,000 after purchasing an additional 252,390 shares during the last quarter. Ameriprise Financial Inc. increased its position in Relx by 1.4% during the third quarter. Ameriprise Financial Inc. now owns 3,390,649 shares of the technology company’s stock worth $164,120,000 after buying an additional 46,515 shares during the last quarter. Northern Trust Corp raised its stake in Relx by 3.5% in the third quarter. Northern Trust Corp now owns 2,430,755 shares of the technology company’s stock valued at $116,093,000 after buying an additional 81,195 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Relx by 0.8% in the third quarter. Envestnet Asset Management Inc. now owns 1,784,488 shares of the technology company’s stock valued at $85,227,000 after buying an additional 14,404 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Relx by 6.1% in the third quarter. Captrust Financial Advisors now owns 1,693,542 shares of the technology company’s stock valued at $80,884,000 after buying an additional 96,831 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

About Relx

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.