Trade Report: The RELX PLC (RELX) Upgrade at Credit Suisse Group AG

The RELX PLC (RELX) Upgrade at Credit Suisse Group AG

Credit Suisse Group AG upgraded shares of RELX PLC (NYSE:RELX) from a neutral rating to an outperform rating in a research report released on Tuesday morning.

Several other research firms have also recently weighed in on RELX. Zacks Investment Research upgraded shares of RELX PLC from a sell rating to a hold rating in a research report on Wednesday, August 31st. Deutsche Bank AG restated a hold rating on shares of RELX PLC in a research report on Friday, November 11th. Bank of America Corp. started coverage on shares of RELX PLC in a research report on Tuesday, October 25th. They issued a buy rating for the company. Barclays PLC restated an overweight rating on shares of RELX PLC in a research report on Friday, October 28th. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of RELX PLC in a research report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. RELX PLC presently has an average rating of Buy and an average target price of $20.00.

Shares of RELX PLC (NYSE:RELX) opened at 17.48 on Tuesday. RELX PLC has a 52-week low of $16.18 and a 52-week high of $19.84. The company’s 50-day moving average price is $17.63 and its 200-day moving average price is $18.47. The firm has a market cap of $35.93 billion, a PE ratio of 26.44 and a beta of 0.96.

Hedge funds have recently modified their holdings of the stock. M&T Bank Corp boosted its stake in shares of RELX PLC by 0.9% in the third quarter. M&T Bank Corp now owns 12,872 shares of the company’s stock valued at $247,000 after buying an additional 115 shares during the last quarter. US Bancorp DE boosted its stake in shares of RELX PLC by 6.6% in the third quarter. US Bancorp DE now owns 13,264 shares of the company’s stock valued at $255,000 after buying an additional 824 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of RELX PLC during the third quarter valued at approximately $309,000. Brinker Capital Inc. boosted its stake in shares of RELX PLC by 25.7% in the third quarter. Brinker Capital Inc. now owns 18,371 shares of the company’s stock valued at $352,000 after buying an additional 3,759 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its stake in RELX PLC by 0.3% in the third quarter. Raymond James Trust N.A. now owns 26,089 shares of the company’s stock worth $500,000 after buying an additional 78 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

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