Relx N.V. (RENX) Given Consensus Recommendation of “Strong Buy” by Brokerages
Relx N.V. (NYSE:RENX) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus price objective of $21.00 for the company, according to Zacks. Zacks has also given Relx N.V. an industry rank of 90 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Relx N.V. from a “sell” rating to a “hold” rating in a report on Wednesday.
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Several hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC increased its stake in shares of Relx N.V. by 9.3% in the third quarter. Lazard Asset Management LLC now owns 219,940 shares of the company’s stock worth $3,928,000 after buying an additional 18,695 shares during the period. Ameriprise Financial Inc. increased its position in shares of Relx N.V. by 10.2% in the second quarter. Ameriprise Financial Inc. now owns 149,745 shares of the company’s stock valued at $2,606,000 after buying an additional 13,909 shares during the last quarter. Jane Street Group LLC increased its position in shares of Relx N.V. by 928.1% in the third quarter. Jane Street Group LLC now owns 145,079 shares of the company’s stock valued at $2,591,000 after buying an additional 130,967 shares during the last quarter. Royal Bank of Canada increased its position in shares of Relx N.V. by 498.8% in the second quarter. Royal Bank of Canada now owns 118,720 shares of the company’s stock valued at $2,067,000 after buying an additional 98,893 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of Relx N.V. during the third quarter valued at approximately $1,806,000. 1.24% of the stock is owned by institutional investors.
Relx N.V. (NYSE:RENX) opened at 17.47 on Friday. The stock has a 50 day moving average of $16.86 and a 200 day moving average of $16.94. Relx N.V. has a one year low of $14.92 and a one year high of $18.34. The firm has a market cap of $35.91 billion, a price-to-earnings ratio of 26.67 and a beta of 1.03.
About Relx N.V.
RELX NV is a Netherlands-based company holding shares in RELX Group plc. RELX Group plc is a global provider of information and analytics for professional and business customers across industries. RELX Group plc serves customers in more than 180 countries. The Company operates in four market segments.
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