Relx (NYSE:RELX) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded RELX from “hold” to “buy,” while the broader analyst consensus remains “Moderate Buy,” including ratings from Barclays and Goldman Sachs.
• RELX shares opened at $35.50, down 3.1%, with the stock trading above its 50-day and 200-day moving averages; its 52-week range is $27.57 to $48.40.
• Institutional investors have generally increased their holdings, and institutions and hedge funds collectively own 15.02% of RELX’s stock.

Relx (NYSE:RELX - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the company. Barclays restated an "overweight" rating on shares of Relx in a research note on Friday, July 24th. The Goldman Sachs Group assumed coverage on shares of Relx in a research report on Wednesday, June 3rd. They set a "buy" rating for the company. Finally, Weiss Ratings upgraded shares of Relx from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Relx presently has a consensus rating of "Moderate Buy".

Relx Stock Down 3.1%

Shares of Relx stock opened at $35.50 on Friday. The business has a 50-day simple moving average of $34.56 and a 200-day simple moving average of $33.96. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.45 and a quick ratio of 0.40. Relx has a one year low of $27.57 and a one year high of $48.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in Relx by 7.4% in the second quarter. Geneos Wealth Management Inc. now owns 4,007 shares of the technology company's stock valued at $218,000 after buying an additional 275 shares during the last quarter. Horizon Investments LLC grew its position in shares of Relx by 23.0% during the third quarter. Horizon Investments LLC now owns 1,517 shares of the technology company's stock worth $72,000 after acquiring an additional 284 shares during the last quarter. Hancock Whitney Corp increased its holdings in shares of Relx by 6.0% in the 3rd quarter. Hancock Whitney Corp now owns 5,196 shares of the technology company's stock valued at $248,000 after acquiring an additional 292 shares during the period. Lido Advisors LLC raised its position in Relx by 1.4% in the 3rd quarter. Lido Advisors LLC now owns 22,124 shares of the technology company's stock valued at $1,057,000 after purchasing an additional 299 shares during the last quarter. Finally, Bridgewater Advisors Inc. raised its position in Relx by 2.9% in the 1st quarter. Bridgewater Advisors Inc. now owns 11,404 shares of the technology company's stock valued at $361,000 after purchasing an additional 320 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.