Relx (NYSE:RELX) Upgraded to "Strong-Buy" at TD Securities

Key Points

• TD Securities upgraded RELX to “strong buy,” adding to generally positive analyst sentiment. MarketBeat data shows a consensus “moderate buy” rating, with two strong-buy, five buy and three hold ratings.
• RELX shares opened at $33.76, compared with a 12-month range of $27.57 to $48.40; the stock’s 50-day and 200-day moving averages were $34.83 and $34.08, respectively.
• Institutional investors have recently increased their positions, and hedge funds and other institutions collectively own 15.02% of RELX. The company provides information, analytics, software and professional services across risk, business services, legal, and scientific and medical markets.

Relx (NYSE:RELX - Get Free Report) was upgraded by equities research analysts at TD Securities to a "strong-buy" rating in a research note issued to investors on Friday, Zacks reports.

RELX has been the subject of a number of other research reports. Wall Street Zen raised Relx from a "hold" rating to a "buy" rating in a report on Saturday, September 5th. Barclays reaffirmed an "overweight" rating on shares of Relx in a research report on Friday, July 24th. Weiss Ratings upgraded Relx from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. The Goldman Sachs Group began coverage on Relx in a report on Wednesday, June 3rd. They issued a "buy" rating for the company. Finally, TD Cowen began coverage on Relx in a research report on Thursday. They issued a "buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Relx has a consensus rating of "Moderate Buy".

Relx Stock Performance

Shares of RELX opened at $33.76 on Friday. Relx has a twelve month low of $27.57 and a twelve month high of $48.40. The firm has a 50 day moving average of $34.83 and a 200 day moving average of $34.08. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.45 and a quick ratio of 0.40.

Institutional Investors Weigh In On Relx

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its stake in shares of Relx by 7.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,007 shares of the technology company's stock worth $218,000 after purchasing an additional 275 shares during the period. Horizon Investments LLC increased its holdings in Relx by 23.0% during the third quarter. Horizon Investments LLC now owns 1,517 shares of the technology company's stock valued at $72,000 after buying an additional 284 shares during the last quarter. Hancock Whitney Corp increased its holdings in Relx by 6.0% during the third quarter. Hancock Whitney Corp now owns 5,196 shares of the technology company's stock valued at $248,000 after buying an additional 292 shares during the last quarter. Lido Advisors LLC raised its position in Relx by 1.4% in the third quarter. Lido Advisors LLC now owns 22,124 shares of the technology company's stock worth $1,057,000 after acquiring an additional 299 shares during the period. Finally, Bridgewater Advisors Inc. raised its position in Relx by 2.9% in the first quarter. Bridgewater Advisors Inc. now owns 11,404 shares of the technology company's stock worth $361,000 after acquiring an additional 320 shares during the period. Hedge funds and other institutional investors own 15.02% of the company's stock.

Relx Company Profile

RELX plc is a global information and analytics company that provides data, research, software and professional services to customers in the scientific, technical, medical, legal, business and government sectors. The company serves organizations and professionals that use specialized information to support research, manage risk, make decisions and improve operational performance.

RELX operates through four principal business areas: Risk, Business Services, Legal, and Scientific, Technical & Medical.

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