Relx (NYSE:RELX) Shares Gap Down to $27.90

Shares of Relx Plc (NYSE:RELXGet Rating) gapped down before the market opened on Friday . The stock had previously closed at $27.90, but opened at $25.97. Relx shares last traded at $26.07, with a volume of 18,359 shares traded.

Analyst Ratings Changes

RELX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Relx from GBX 2,200 ($25.33) to GBX 2,000 ($23.03) in a research report on Wednesday, October 5th. Credit Suisse Group lifted their price objective on shares of Relx from GBX 2,805 ($32.30) to GBX 2,828 ($32.56) in a research report on Monday, October 3rd. Morgan Stanley lifted their price objective on shares of Relx from GBX 2,920 ($33.62) to GBX 3,020 ($34.77) in a research report on Tuesday, October 25th. UBS Group lifted their price objective on shares of Relx from GBX 2,615 ($30.11) to GBX 2,700 ($31.09) in a research report on Friday, July 29th. Finally, Barclays lifted their price objective on shares of Relx from GBX 2,650 ($30.51) to GBX 2,785 ($32.07) in a research report on Friday, September 16th.

Relx Price Performance

The stock’s 50-day moving average price is $25.55 and its 200-day moving average price is $27.08. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.51 and a quick ratio of 0.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RELX. Huntington National Bank acquired a new position in Relx in the first quarter valued at about $25,000. CoreCap Advisors LLC acquired a new position in Relx in the second quarter valued at about $28,000. Allworth Financial LP raised its stake in Relx by 455.3% in the third quarter. Allworth Financial LP now owns 1,455 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,193 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new position in Relx in the third quarter valued at about $35,000. Finally, Wipfli Financial Advisors LLC acquired a new position in Relx in the third quarter valued at about $42,000. Institutional investors and hedge funds own 3.63% of the company’s stock.

About Relx

(Get Rating)

RELX PLC 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.

Further Reading

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