BidaskClub Upgrades Relx N.V. (RENX) to Buy

Relx N.V. (NYSE:RENX) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.

Separately, Zacks Investment Research raised shares of Relx N.V. from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Saturday, September 9th.

Shares of Relx N.V. (RENX) opened at 21.88 on Friday. The firm’s 50-day moving average is $21.35 and its 200 day moving average is $20.48. The stock has a market capitalization of $44.09 billion, a P/E ratio of 26.36 and a beta of 0.86. Relx N.V. has a 1-year low of $14.92 and a 1-year high of $21.93.

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A number of hedge funds have recently made changes to their positions in RENX. Bank of New York Mellon Corp grew its holdings in Relx N.V. by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 202,411 shares of the technology company’s stock valued at $3,757,000 after purchasing an additional 6,694 shares during the last quarter. Comerica Bank grew its holdings in Relx N.V. by 1.8% during the first quarter. Comerica Bank now owns 62,237 shares of the technology company’s stock valued at $1,205,000 after purchasing an additional 1,084 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Relx N.V. by 1,953.0% during the first quarter. JPMorgan Chase & Co. now owns 174,445 shares of the technology company’s stock valued at $3,237,000 after purchasing an additional 165,948 shares during the last quarter. Morgan Stanley grew its holdings in Relx N.V. by 83.9% during the first quarter. Morgan Stanley now owns 176,616 shares of the technology company’s stock valued at $3,278,000 after purchasing an additional 80,567 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Relx N.V. by 17.5% during the first quarter. Renaissance Technologies LLC now owns 212,517 shares of the technology company’s stock valued at $3,944,000 after purchasing an additional 31,660 shares during the last quarter. Institutional investors own 1.07% of the company’s stock.

About Relx N.V.

RELX NV is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.

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