Relx Plc (NYSE:RELX) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts give RELX a “Moderate Buy” consensus: Of 14 analysts covering the company, nine rate it a buy, two a strong buy, and three a hold.
• Shares opened at $40.54, above their 50-day and 200-day moving averages; the stock’s 52-week range is $27.57 to $43.36.
• Institutional investors and hedge funds own 15.02% of RELX shares, with several large investors increasing their holdings in the first quarter.

Relx Plc (NYSE:RELX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company.

A number of equities analysts have weighed in on the company. TD Cowen began coverage on Relx in a research report on Thursday, September 10th. They set a "buy" rating on the stock. UBS Group restated a "buy" rating on shares of Relx in a research note on Tuesday, September 29th. TD Securities raised Relx to a "strong-buy" rating in a research report on Friday, September 11th. Sanford C. Bernstein reiterated a "buy" rating on shares of Relx in a research note on Tuesday, October 6th. Finally, Zacks Research upgraded Relx from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 30th.

Relx Trading Up 1.2%

Shares of RELX stock opened at $40.54 on Friday. The company has a fifty day moving average price of $36.75 and a two-hundred day moving average price of $34.54. Relx has a one year low of $27.57 and a one year high of $43.36. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 5.23.

Institutional Investors Weigh In On Relx

Several hedge funds have recently added to or reduced their stakes in RELX. Arrowstreet Capital Limited Partnership grew its position in Relx by 185.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company's stock worth $140,955,000 after buying an additional 2,763,766 shares in the last quarter. Bank of America Corp DE increased its stake in Relx by 14.3% during the 1st quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company's stock worth $138,568,000 after acquiring an additional 522,619 shares during the period. Lazard Asset Management LLC raised its holdings in Relx by 12.1% in the 1st quarter. Lazard Asset Management LLC now owns 3,040,217 shares of the technology company's stock valued at $100,783,000 after acquiring an additional 328,282 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Relx in the 1st quarter valued at $9,403,000. Finally, Royal Bank of Canada raised its holdings in Relx by 12.1% in the 1st quarter. Royal Bank of Canada now owns 1,736,295 shares of the technology company's stock valued at $57,558,000 after acquiring an additional 187,132 shares in 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. Its operations are organized around scientific, technical and medical information; legal information and analytics; risk solutions; and exhibitions. The company's products and services include scientific journals and research platforms such as ScienceDirect and Scopus, legal research tools including LexisNexis, and analytics that help organizations assess risks, verify identities and detect fraud.

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