Relx Plc (NYSE:RELX) Given Average Rating of "Buy" by Analysts

Shares of Relx Plc (NYSE:RELX - Get Free Report) have been assigned a consensus recommendation of "Buy" from the five analysts that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms have weighed in on RELX. Morgan Stanley reaffirmed an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th. Wall Street Zen cut shares of Relx from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group started coverage on shares of Relx in a research note on Wednesday, March 26th. They issued a "buy" rating on the stock.

Institutional Trading of Relx

A number of institutional investors and hedge funds have recently made changes to their positions in RELX. LGT Group Foundation acquired a new stake in shares of Relx in the fourth quarter valued at approximately $257,000. Paradigm Asset Management Co. LLC raised its holdings in shares of Relx by 17.1% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company's stock worth $3,706,000 after purchasing an additional 11,900 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Relx by 120.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company's stock valued at $548,000 after acquiring an additional 6,588 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Relx by 21.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 162,830 shares of the technology company's stock valued at $7,396,000 after purchasing an additional 28,702 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Relx by 19.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 143,483 shares of the technology company's stock worth $6,517,000 after buying an additional 23,183 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Trading Down 1.1%

RELX stock traded down $0.61 during midday trading on Friday, hitting $53.08. The stock had a trading volume of 696,190 shares, compared to its average volume of 730,903. The company's 50-day moving average price is $52.66 and its 200 day moving average price is $49.78. Relx has a 12-month low of $43.45 and a 12-month high of $56.33. The firm has a market cap of $97.97 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47.

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.