Relx (NYSE:RELX) Cut to “Neutral” at Citigroup

Citigroup lowered shares of Relx (NYSE:RELX) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports.

A number of other research firms have also commented on RELX. UBS Group restated a “buy” rating on shares of Relx in a research note on Tuesday, September 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of Relx in a research report on Tuesday, June 30th. Sanford C. Bernstein reiterated a “buy” rating on shares of Relx in a research report on Tuesday, October 6th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Finally, Barclays restated an “overweight” rating on shares of Relx in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Relx Stock Up 3.8%

NYSE RELX opened at $40.63 on Tuesday. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 5.23. The company has a 50 day moving average of $35.31 and a 200-day moving average of $34.42. Relx has a 1-year low of $27.57 and a 1-year high of $46.97.

Institutional Trading of Relx

Large investors have recently made changes to their positions in the company. Whipplewood Advisors LLC increased its stake in Relx by 2,468.4% in the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock valued at $32,000 after acquiring an additional 938 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Relx during the first quarter worth $44,000. First Horizon Corp lifted its stake in Relx by 41.0% during the first quarter. First Horizon Corp now owns 1,352 shares of the technology company’s stock worth $45,000 after purchasing an additional 393 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Relx in the 2nd quarter valued at $77,000. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Relx in the 1st quarter valued at $93,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

About Relx

RELX PLC is a global information-based analytics and decision tools company serving professional and business customers. The company provides data, software, research, and workflow solutions that help organizations make decisions, manage risk, improve productivity, and access specialized knowledge.

Its main business areas include scientific, technical, and medical information; risk and business analytics; legal information and technology; and industry-focused events. Products and services include research platforms such as ScienceDirect and Scopus, legal research and workflow solutions offered through LexisNexis, and risk-management, fraud-prevention, and identity solutions provided through LexisNexis Risk Solutions.

RELX serves customers internationally, including universities, researchers, law firms, government agencies, insurers, financial institutions, corporations, and healthcare professionals.