Relx (RENX) Rating Increased to Buy at Goldman Sachs Group

Relx (NYSE:RENX) was upgraded by research analysts at Goldman Sachs Group to a “buy” rating in a research report issued on Wednesday.

RENX has been the subject of several other research reports. BidaskClub lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Zacks Investment Research lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th.

Relx (NYSE RENX) opened at $22.44 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.43 and a debt-to-equity ratio of 2.35. Relx has a 12 month low of $16.30 and a 12 month high of $23.30.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its stake in shares of Relx by 22.4% in the third quarter. Parametric Portfolio Associates LLC now owns 982,332 shares of the technology company’s stock valued at $20,953,000 after purchasing an additional 179,635 shares during the period. Earnest Partners LLC acquired a new stake in Relx in the third quarter valued at approximately $786,000. Envestnet Asset Management Inc. raised its holdings in Relx by 10.4% in the third quarter. Envestnet Asset Management Inc. now owns 389,264 shares of the technology company’s stock valued at $8,301,000 after acquiring an additional 36,828 shares in the last quarter. Polen Capital Management LLC raised its holdings in Relx by 324.6% in the third quarter. Polen Capital Management LLC now owns 87,259 shares of the technology company’s stock valued at $1,861,000 after acquiring an additional 66,706 shares in the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in Relx in the third quarter valued at approximately $394,000. 1.19% of the stock is owned by institutional investors and hedge funds.

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About Relx

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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