Relx (NYSE:RELX) Cut to Hold at Wall Street Zen

Relx (NYSE:RELX - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also commented on the stock. Morgan Stanley reissued an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. Barclays raised shares of Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group began coverage on Relx in a research report on Wednesday, March 26th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Relx Price Performance

Shares of RELX stock opened at $53.61 on Friday. The stock's fifty day moving average is $53.77 and its 200-day moving average is $50.82. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The stock has a market capitalization of $100.67 billion, a PE ratio of 28.82, a PEG ratio of 3.26 and a beta of 0.83. Relx has a 52 week low of $43.45 and a 52 week high of $56.33.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. boosted its holdings in Relx by 19.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,957 shares of the technology company's stock worth $956,000 after buying an additional 3,092 shares during the last quarter. Merit Financial Group LLC boosted its stake in Relx by 77.7% during the 1st quarter. Merit Financial Group LLC now owns 11,757 shares of the technology company's stock worth $593,000 after acquiring an additional 5,139 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Relx by 21.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 162,830 shares of the technology company's stock worth $7,396,000 after acquiring an additional 28,702 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Relx by 19.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 143,483 shares of the technology company's stock worth $6,517,000 after acquiring an additional 23,183 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its stake in Relx by 237.4% during the 1st quarter. Money Concepts Capital Corp now owns 15,604 shares of the technology company's stock worth $787,000 after acquiring an additional 10,979 shares during the last quarter. Institutional investors own 15.02% of the company's stock.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.

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