Todays Report: The Zacks Investment Research lowers the Stock rating of Relx Nv (RENX)

The Zacks Investment Research lowers the Stock rating of Relx Nv (RENX)

Relx Nv (NYSE:RENX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “RELX NV provides professional information solutions primarily in North America and Europe. The company’s operating segments consists of Scientific, Technical & Medical; Risk & Business Information; Legal, and Exhibitions. Scientific, Technical & Medical segment provides information and tools to help customers improve scientific and healthcare outcomes. Risk & Business Information segment provides data and analytics which enable customers to evaluate and manage risk. Legal segment provides legal, regulatory, news, business information and analysis to legal, corporate, Government and academic customers. Exhibitions segment, through the subsidiary Reed Exhibitions, organizes market events relevant to industry needs. RELX NV, formerly known as Reed Elsevier NV, is based in Amsterdam, the Netherlands. “

Relx Nv (NYSE:RENX) opened at 16.57 on Thursday. The firm’s 50-day moving average price is $17.66 and its 200-day moving average price is $17.39. The company has a market cap of $34.06 billion, a PE ratio of 24.88 and a beta of 1.05. Relx Nv has a one year low of $15.14 and a one year high of $18.34.

Large investors have recently modified their holdings of the stock. Kanaly Trust Co boosted its stake in shares of Relx Nv by 13.0% in the second quarter. Kanaly Trust Co now owns 7,842 shares of the company’s stock valued at $137,000 after buying an additional 903 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Relx Nv by 2.8% in the first quarter. Aperio Group LLC now owns 64,766 shares of the company’s stock valued at $1,135,000 after buying an additional 1,750 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Relx Nv by 15.7% in the second quarter. Jane Street Group LLC now owns 14,112 shares of the company’s stock valued at $246,000 after buying an additional 1,916 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Relx Nv by 16.0% in the second quarter. Bank of New York Mellon Corp now owns 27,278 shares of the company’s stock valued at $475,000 after buying an additional 3,760 shares during the last quarter. Finally, Gilman Hill Asset Management LLC boosted its stake in shares of Relx Nv by 10.7% in the second quarter. Gilman Hill Asset Management LLC now owns 50,531 shares of the company’s stock valued at $880,000 after buying an additional 4,875 shares during the last quarter. 1.37% of the stock is owned by institutional investors.

Relx Nv Company Profile

RELX NV is a Netherlands-based company holding shares in RELX Group plc. RELX Group plc is a global provider of information and analytics for professional and business customers across industries. RELX Group plc serves customers in more than 180 countries. The Company operates in four market segments.

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