Relx (RELX) Lifted to Outperform at BNP Paribas

BNP Paribas upgraded shares of Relx (NYSE:RELX) from an underperform rating to an outperform rating in a research report report published on Thursday morning, MarketBeat reports.

Separately, Barclays raised shares of Relx from an equal weight rating to an overweight rating in a research report on Monday, September 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $23.00.

Relx stock traded up $0.11 on Thursday, reaching $20.56. 23,585 shares of the stock were exchanged, compared to its average volume of 805,435. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 20.13 and a beta of 0.57. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.41 and a quick ratio of 0.37. Relx has a twelve month low of $19.23 and a twelve month high of $23.81.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Relx by 3.7% during the second quarter. Bank of America Corp DE now owns 3,062,325 shares of the technology company’s stock valued at $66,575,000 after buying an additional 108,304 shares during the last quarter. Capital International Investors raised its position in shares of Relx by 21.1% during the third quarter. Capital International Investors now owns 2,876,400 shares of the technology company’s stock valued at $60,203,000 after buying an additional 501,200 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Relx by 12.1% during the third quarter. Renaissance Technologies LLC now owns 2,298,103 shares of the technology company’s stock valued at $48,099,000 after buying an additional 248,175 shares during the last quarter. Morgan Stanley raised its position in shares of Relx by 119.6% during the third quarter. Morgan Stanley now owns 1,580,722 shares of the technology company’s stock valued at $33,085,000 after buying an additional 861,045 shares during the last quarter. Finally, Capital Guardian Trust Co. raised its position in shares of Relx by 1.7% during the third quarter. Capital Guardian Trust Co. now owns 1,456,659 shares of the technology company’s stock valued at $30,488,000 after buying an additional 23,909 shares during the last quarter. 4.04% of the stock is owned by institutional investors and hedge funds.

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.

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