Relx (NYSE:RELX) was upgraded from a "hold" rating to a "buy" rating by StockNews.com in a research report released to customers and investors on Wednesday.
RELX has been the subject of several other reports. Morgan Stanley in a report on Thursday, February 17, lowered its target price on the relax to GBX 2,750 ($37.40) from GBX 2,730 ($37.13). Credit Suisse Group in a research report on Monday, February 7 increased its price target on Relax from GBX 2,500 ($34.00) to GBX 2,600 ($35.36). Citigroup downgraded Relax from a "buy" rating to a "neutral" rating in a research report on Thursday, January 6. Zacks Investment Research upgraded Relax from a "Sell" rating to a "Buy" rating and set a $34.00 price target for the company in a research report dated Wednesday, February 16. Finally, The Goldman Sachs Group covered coverage on relax in a research report on Thursday, January 20. He issued a "buy" rating for the company. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from Marketbeat.com, the company has a consensus rating of "Buy" and an average target price of $1,788.00.
Shares of RELX opened at $30.31 on Wednesday. Relax has a 12-month low of $23.37 and a 12-month high of $32.71. The 50-day moving average of the business is $30.91 and its 200-day moving average is $30.70. The company currently has a quick ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 2.50.
Institutional investors have recently changed their positions in the company. Arrowstreet Capital Limited Partnership increased its position in Relx shares by 111.1% during the third quarter. Aerostreet Capital Limited Partnership now holds 216,947 shares of the technology company's stock worth $6,261,000 after purchasing an additional 114,193 shares during the previous quarter. Bank of America Corp DE increased its stake in Relax by 0.9% in the second quarter. Bank of America Corp. DE now holds 6,753,031 shares of the technology company's stock worth $180,104,000, after acquiring an additional 63,461 shares during the previous quarter. FMR LLC increased its stake in Relx by 19.1% in the second quarter. After acquiring an additional 123,030 shares during the previous quarter, FMR LLC now holds 767,220 shares of the technology company's stock worth $20,462,000. Raymond James Trust NA increased its stake in Relax by 3.7% in the third quarter. After acquiring an additional 730 shares during the previous quarter, Raymond James Trust NA now owns 20,237 shares of the technology company's stock, valued at $584,000. Finally, Franklin Resources Inc. increased its stake in Relax to 44.8% in the second quarter. After acquiring an additional 4,317 shares during the previous quarter, Franklin Resources Inc. Now holds 13,960 shares of the technology company's stock worth $372,000. 5.70% of the stock is owned by hedge funds and other institutional investors.