Relx PLC (RELX) Receives Consensus Rating of “Buy” from Brokerages

Relx PLC (NYSE:RELX) has earned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company.

RELX has been the topic of several research reports. Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 24th. BNP Paribas raised shares of Relx from an “underperform” rating to an “outperform” rating in a research note on Thursday.

A number of large investors have recently bought and sold shares of RELX. Morgan Stanley boosted its stake in Relx by 119.6% during the third quarter. Morgan Stanley now owns 1,580,722 shares of the technology company’s stock worth $33,085,000 after acquiring an additional 861,045 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Relx by 473.8% during the third quarter. Bank of New York Mellon Corp now owns 834,878 shares of the technology company’s stock worth $17,474,000 after acquiring an additional 689,380 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Relx by 97.2% during the second quarter. Wells Fargo & Company MN now owns 1,086,413 shares of the technology company’s stock worth $23,618,000 after acquiring an additional 535,622 shares in the last quarter. Capital International Investors boosted its stake in Relx by 21.1% during the third quarter. Capital International Investors now owns 2,876,400 shares of the technology company’s stock worth $60,203,000 after acquiring an additional 501,200 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Relx by 160.2% during the third quarter. Envestnet Asset Management Inc. now owns 598,219 shares of the technology company’s stock worth $12,521,000 after acquiring an additional 368,277 shares in the last quarter. 4.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of RELX traded down $0.34 during trading hours on Friday, reaching $20.45. 506,515 shares of the company traded hands, compared to its average volume of 419,321. The firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 19.85 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.37 and a debt-to-equity ratio of 2.39. Relx has a 12 month low of $19.23 and a 12 month high of $23.81.

About Relx

RELX PLC provides information and analytics for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals.

See Also: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Relx (NYSE:RELX)

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