Relx Plc (NYSE:RELX) Downgraded by BidaskClub

Relx Plc (NYSE:RELX) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, November 11th.

Separately, Zacks Investment Research upgraded Relx Plc from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy”.

Relx Plc (NYSE RELX) traded up $0.13 during mid-day trading on Friday, hitting $23.73. The stock had a trading volume of 87,290 shares, compared to its average volume of 116,788. Relx Plc has a 1-year low of $16.95 and a 1-year high of $23.74. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.43 and a current ratio of 0.47.

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A number of institutional investors have recently made changes to their positions in RELX. Crossmark Global Holdings Inc. bought a new stake in Relx Plc in the third quarter valued at about $13,014,000. Renaissance Technologies LLC increased its holdings in Relx Plc by 88.8% in the first quarter. Renaissance Technologies LLC now owns 377,528 shares of the technology company’s stock valued at $7,475,000 after buying an additional 177,600 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Relx Plc by 32.8% in the second quarter. Goldman Sachs Group Inc. now owns 414,332 shares of the technology company’s stock valued at $9,073,000 after buying an additional 102,324 shares during the last quarter. Morgan Stanley increased its holdings in Relx Plc by 39.8% in the first quarter. Morgan Stanley now owns 286,972 shares of the technology company’s stock valued at $5,681,000 after buying an additional 81,704 shares during the last quarter. Finally, Jarislowsky Fraser Ltd increased its holdings in Relx Plc by 12.6% in the third quarter. Jarislowsky Fraser Ltd now owns 702,307 shares of the technology company’s stock valued at $15,696,000 after buying an additional 78,468 shares during the last quarter. 2.26% of the stock is owned by hedge funds and other institutional investors.

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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