Relx Plc (NYSE:RELX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Relx Plc (NYSE:RELX) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages have commented on RELX. The Goldman Sachs Group initiated coverage on Relx in a report on Wednesday, June 3rd. They set a “buy” rating for the company. Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Morgan Stanley cut Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Citigroup raised Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th.

Institutional Trading of Relx

Institutional investors and hedge funds have recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Relx during the fourth quarter valued at about $26,000. Cornerstone Planning Group LLC grew its position in Relx by 2,574.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after purchasing an additional 695 shares in the last quarter. Whipplewood Advisors LLC increased its stake in Relx by 2,468.4% in the 1st quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock valued at $32,000 after buying an additional 938 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in Relx by 3,040.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock valued at $32,000 after buying an additional 760 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in shares of Relx by 1,823.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after buying an additional 1,003 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Trading Up 1.7%

RELX opened at $34.06 on Friday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. Relx has a fifty-two week low of $27.57 and a fifty-two week high of $54.02. The company’s 50-day moving average is $32.75 and its 200 day moving average is $34.49.

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.