RELX PLC (NYSE:RELX) Given Consensus Rating of "Buy" by Brokerages

RELX PLC (NYSE:RELX - Get Free Report) has been given an average recommendation of "Buy" by the five brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of RELX from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Barclays raised RELX from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. Morgan Stanley reiterated an "overweight" rating on shares of RELX in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group initiated coverage on RELX in a research note on Wednesday, March 26th. They issued a "buy" rating for the company.

Hedge Funds Weigh In On RELX

Institutional investors have recently bought and sold shares of the stock. LGT Group Foundation acquired a new position in shares of RELX during the 4th quarter valued at about $257,000. Merit Financial Group LLC boosted its position in RELX by 77.7% during the first quarter. Merit Financial Group LLC now owns 11,757 shares of the technology company's stock worth $593,000 after purchasing an additional 5,139 shares during the period. Public Employees Retirement System of Ohio grew its holdings in 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. Smartleaf Asset Management LLC raised its position in shares of RELX by 120.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company's stock valued at $548,000 after purchasing an additional 6,588 shares during the period. Finally, 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 valued at $6,517,000 after purchasing an additional 23,183 shares during the period. 15.02% of the stock is currently owned by institutional investors.

RELX Trading Down 2.4%

RELX stock traded down $1.31 during trading hours on Tuesday, hitting $52.60. The company had a trading volume of 1,251,866 shares, compared to its average volume of 740,681. RELX has a fifty-two week low of $43.45 and a fifty-two week high of $56.33. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. The firm's fifty day moving average is $53.82 and its 200-day moving average is $50.45.

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.