Zacks Investment Research upgraded shares of RELX PLC (NYSE:RELX) from a sell rating to a hold rating in a report released on Tuesday morning.
According to Zacks, “Relx PLC is engaged in providing information solutions. Its products and services comprise intellectual property content delivered through various media, including online, journals and books. The Company’s operating segments consists of Scientific, Technical & Medical, Risk & Business Information; Legal and Exhibitions. RELX PLC, formerly known as Reed Elsevier PLC, is based in LONDON, United Kingdom. “
A number of other equities analysts also recently weighed in on the stock. BidaskClub raised shares of RELX PLC from a hold rating to a buy rating in a research note on Tuesday, August 1st. ABN Amro raised shares of RELX PLC from a hold rating to a buy rating in a research note on Wednesday, June 14th. Finally, UBS AG downgraded shares of RELX PLC from a buy rating to a neutral rating in a research note on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. RELX PLC presently has an average rating of Buy and an average target price of $25.00.
RELX PLC (RELX) opened at 22.47 on Tuesday. RELX PLC has a 12-month low of $16.19 and a 12-month high of $22.60. The company has a market capitalization of $45.28 billion, a PE ratio of 27.64 and a beta of 0.76. The stock has a 50 day moving average of $22.02 and a 200 day moving average of $21.06.
The firm also recently declared a None dividend, which was paid on Wednesday, August 30th. Stockholders of record on Friday, August 4th were given a dividend of $0.153 per share. This is a boost from RELX PLC’s previous None dividend of $0.14. The ex-dividend date of this dividend was Wednesday, August 2nd.
Large investors have recently modified their holdings of the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of RELX PLC during the 2nd quarter worth approximately $101,000. Grove Bank & Trust grew its position in shares of RELX PLC by 45.9% during the 2nd quarter. Grove Bank & Trust now owns 6,990 shares of the technology company’s stock worth $153,000 after buying an additional 2,200 shares during the period. PNC Financial Services Group Inc. grew its position in shares of RELX PLC by 44.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,033 shares of the technology company’s stock worth $139,000 after buying an additional 2,150 shares during the period. Strategic Global Advisors LLC acquired a new stake in shares of RELX PLC during the 2nd quarter worth approximately $204,000. Finally, HighTower Advisors LLC acquired a new stake in shares of RELX PLC during the 2nd quarter worth approximately $206,000. Institutional investors own 2.16% of the company’s stock.
RELX PLC Company Profile
RELX PLC is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.
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