Relx (NYSE:RELX) Upgraded by Barclays to Overweight Rating

Relx (NYSE:RELX) was upgraded by stock analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Friday, Marketbeat Ratings reports.

A number of other equities analysts have also recently issued reports on RELX. Redburn Atlantic assumed coverage on shares of Relx in a report on Wednesday, January 8th. They issued a “buy” rating on the stock. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Relx Trading Up 0.1 %

Relx stock opened at $47.77 on Friday. Relx has a 1 year low of $40.25 and a 1 year high of $51.99. The firm’s 50-day moving average is $48.79 and its 200-day moving average is $47.57. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The company has a market cap of $88.79 billion, a P/E ratio of 25.68, a PEG ratio of 2.73 and a beta of 0.90.

Institutional Trading of Relx

Several institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Relx by 8.3% in the third quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after buying an additional 548,423 shares during the period. Bank of America Corp DE lifted its holdings in shares of Relx by 4.2% in the fourth quarter. Bank of America Corp DE now owns 6,246,462 shares of the technology company’s stock valued at $283,714,000 after purchasing an additional 253,107 shares in the last quarter. Lazard Asset Management LLC boosted its position in Relx by 1.2% during the 4th quarter. Lazard Asset Management LLC now owns 4,224,334 shares of the technology company’s stock worth $191,868,000 after acquiring an additional 48,793 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Relx by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,189,886 shares of the technology company’s stock worth $144,885,000 after purchasing an additional 121,831 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Relx by 368.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company’s stock valued at $127,437,000 after buying an additional 2,208,119 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.