Relx (NYSE:RELX) Upgraded to Strong-Buy at TD Securities

Relx (NYSE:RELX) was upgraded by equities research analysts at TD Securities to a “strong-buy” rating in a research report issued on Friday, Zacks reports.

A number of other research analysts have also recently weighed in on the company. Weiss Ratings raised Relx from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Wall Street Zen raised shares of Relx from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. TD Cowen started coverage on shares of Relx in a research note on Thursday. They set a “buy” rating on the stock. Barclays reaffirmed an “overweight” rating on shares of Relx in a report on Friday, July 24th. Finally, The Goldman Sachs Group began coverage on shares of Relx in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Relx presently has an average rating of “Moderate Buy”.

Relx Trading Down 0.2%

Shares of RELX opened at $33.76 on Friday. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45. The business has a 50-day simple moving average of $34.83 and a two-hundred day simple moving average of $34.08. Relx has a 52 week low of $27.57 and a 52 week high of $48.40.

Hedge Funds Weigh In On Relx

A number of hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its position in shares of Relx by 7.4% during the second quarter. Geneos Wealth Management Inc. now owns 4,007 shares of the technology company’s stock worth $218,000 after purchasing an additional 275 shares in the last quarter. Horizon Investments LLC raised its stake in Relx by 23.0% during the 3rd quarter. Horizon Investments LLC now owns 1,517 shares of the technology company’s stock valued at $72,000 after purchasing an additional 284 shares during the period. Hancock Whitney Corp lifted its holdings in Relx by 6.0% in the 3rd quarter. Hancock Whitney Corp now owns 5,196 shares of the technology company’s stock worth $248,000 after purchasing an additional 292 shares in the last quarter. Lido Advisors LLC lifted its holdings in Relx by 1.4% in the 3rd quarter. Lido Advisors LLC now owns 22,124 shares of the technology company’s stock worth $1,057,000 after purchasing an additional 299 shares in the last quarter. Finally, Bridgewater Advisors Inc. boosted its stake in Relx by 2.9% in the 1st quarter. Bridgewater Advisors Inc. now owns 11,404 shares of the technology company’s stock worth $361,000 after purchasing an additional 320 shares during the period. Institutional investors own 15.02% of the company’s stock.

Relx Company Profile

RELX plc is a global information and analytics company that provides data, research, software and professional services to customers in the scientific, technical, medical, legal, business and government sectors. The company serves organizations and professionals that use specialized information to support research, manage risk, make decisions and improve operational performance.

RELX operates through four principal business areas: Risk, Business Services, Legal, and Scientific, Technical & Medical.