Zacks Investment Research upgraded shares of RELX N.V. (NYSE:RENX) from a hold rating to a buy rating in a research report released on Saturday, June 10th. They currently have $23.00 target price on the technology company’s stock.
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 N.V. (NYSE RENX) opened at 21.10 on Friday. The company has a market capitalization of $43.10 billion, a P/E ratio of 29.51 and a beta of 0.91. RELX N.V. has a 12-month low of $14.92 and a 12-month high of $21.19. The company has a 50 day moving average price of $20.25 and a 200 day moving average price of $18.13.
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Several large investors have recently modified their holdings of RENX. Bessemer Group Inc. bought a new stake in shares of RELX N.V. during the fourth quarter valued at $695,000. Comerica Bank increased its stake in shares of RELX N.V. by 11.9% in the fourth quarter. Comerica Bank now owns 61,153 shares of the technology company’s stock valued at $1,028,000 after buying an additional 6,516 shares during the last quarter. Oxford Asset Management increased its position in shares of RELX N.V. by 83.3% in the fourth quarter. Oxford Asset Management now owns 48,160 shares of the technology company’s stock worth $807,000 after buying an additional 21,879 shares in the last quarter. Elkfork Partners LLC acquired a new position in shares of RELX N.V. during the fourth quarter worth approximately $400,000. Finally, Tyers Asset Management LLC acquired a new position in shares of RELX N.V. during the fourth quarter worth approximately $291,000. 1.15% of the stock is owned by institutional investors.
About RELX N.V.
RELX NV is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.
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