Relx (NYSE:RELX) Rating Lowered to “Neutral” at Citigroup

Relx (NYSE:RELX) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, MarketBeat reports.

A number of other brokerages have also issued reports on RELX. TD Securities upgraded shares of Relx to a “strong-buy” rating in a research report on Friday, September 11th. Weiss Ratings raised shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. UBS Group restated a “buy” rating on shares of Relx in a research report on Tuesday, September 29th. Barclays reaffirmed an “overweight” rating on shares of Relx in a report on Friday, July 24th. Finally, Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Relx Stock Performance

RELX opened at $39.24 on Tuesday. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45. Relx has a 1-year low of $27.57 and a 1-year high of $47.22. The firm has a 50-day moving average price of $35.02 and a two-hundred day moving average price of $34.28.

Institutional Trading of Relx

Large investors have recently bought and sold shares of the business. Net Worth Advisory Group boosted its position in shares of Relx by 38.8% during the third quarter. Net Worth Advisory Group now owns 9,449 shares of the technology company’s stock worth $316,000 after buying an additional 2,642 shares during the period. Investment Research Partners LLC grew its holdings in shares of Relx by 3.2% during the third quarter. Investment Research Partners LLC now owns 14,863 shares of the technology company’s stock worth $493,000 after buying an additional 460 shares in the last quarter. Abel Hall LLC raised its position in Relx by 4.5% in the 3rd quarter. Abel Hall LLC now owns 13,828 shares of the technology company’s stock valued at $459,000 after buying an additional 595 shares during the last quarter. Mather Group LLC. raised its position in Relx by 2.9% in the 3rd quarter. Mather Group LLC. now owns 28,499 shares of the technology company’s stock valued at $946,000 after buying an additional 812 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC raised its position in Relx by 8.5% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 24,828 shares of the technology company’s stock valued at $824,000 after buying an additional 1,945 shares during the last quarter. 15.02% of the stock is owned by institutional investors.

About Relx

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.