Relx (NYSE:RELX) Now Covered by StockNews.com

Research analysts at StockNews.com started coverage on shares of Relx (NYSE:RELX) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the technology company’s stock.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Relx from GBX 2,100 ($26.01) to GBX 2,200 ($27.25) in a research note on Friday, July 28th. Barclays lifted their price target on shares of Relx from GBX 2,585 ($32.02) to GBX 2,700 ($33.44) in a research note on Monday, July 3rd. Credit Suisse Group lifted their price target on shares of Relx from GBX 2,915 ($36.11) to GBX 3,000 ($37.16) in a research note on Friday, September 8th. Bank of America lifted their price target on shares of Relx from GBX 3,080 ($38.15) to GBX 3,200 ($39.64) in a research note on Tuesday, September 12th. Finally, Investec upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, September 5th.

Relx Stock Down 0.2 %

Shares of NYSE:RELX traded down $0.06 during midday trading on Monday, reaching $34.58. 359,074 shares of the company were exchanged, compared to its average volume of 761,319. Relx has a fifty-two week low of $23.39 and a fifty-two week high of $34.88. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 1.62. The stock has a fifty day simple moving average of $32.92 and a two-hundred day simple moving average of $32.31. The firm has a market cap of $65.42 billion, a PE ratio of 22.45, a P/E/G ratio of 2.42 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. GoalVest Advisory LLC bought a new stake in shares of Relx during the 2nd quarter worth about $26,000. Tower Research Capital LLC TRC bought a new stake in shares of Relx during the 1st quarter worth about $26,000. Resurgent Financial Advisors LLC bought a new stake in shares of Relx during the 4th quarter worth about $27,000. Spire Wealth Management bought a new stake in Relx in the 1st quarter valued at about $29,000. Finally, UMB Bank n.a. boosted its holdings in Relx by 149.6% in the 1st quarter. UMB Bank n.a. now owns 1,016 shares of the technology company’s stock valued at $33,000 after purchasing an additional 609 shares during the period. 3.56% of the stock is currently owned by institutional investors and hedge funds.

About Relx

RELX PLC, together with its subsidiaries, 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.