Relx (NYSE:RELX) Upgraded to Strong-Buy by Citigroup

Relx (NYSE:RELX) was upgraded by equities researchers at Citigroup to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks.com reports.

Separately, StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st.

Relx Trading Down 0.8 %

Relx stock opened at $47.37 on Tuesday. Relx has a fifty-two week low of $33.13 and a fifty-two week high of $48.24. The firm’s fifty day moving average price is $46.15 and its 200-day moving average price is $44.53. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RELX. LVW Advisors LLC boosted its position in Relx by 1.7% during the second quarter. LVW Advisors LLC now owns 15,189 shares of the technology company’s stock valued at $697,000 after buying an additional 248 shares during the period. Sequoia Financial Advisors LLC boosted its position in Relx by 2.1% during the first quarter. Sequoia Financial Advisors LLC now owns 12,707 shares of the technology company’s stock valued at $550,000 after buying an additional 260 shares during the period. Traveka Wealth LLC boosted its position in Relx by 4.5% during the second quarter. Traveka Wealth LLC now owns 6,115 shares of the technology company’s stock valued at $281,000 after buying an additional 264 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in Relx by 2.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 14,697 shares of the technology company’s stock valued at $583,000 after buying an additional 287 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Relx by 2.0% during the second quarter. Commonwealth Equity Services LLC now owns 16,145 shares of the technology company’s stock valued at $741,000 after buying an additional 316 shares during the period. Institutional investors own 15.02% of the company’s stock.

Relx Company Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.