Relx (NYSE:RELX) Now Covered by Redburn Atlantic

Redburn Atlantic began coverage on shares of Relx (NYSE:RELX) in a report issued on Wednesday, MarketBeat reports. The brokerage issued a buy rating on the technology company’s stock.

Several other research analysts have also weighed in on RELX. Citigroup upgraded Relx to a “strong-buy” rating in a report on Tuesday, September 17th. StockNews.com assumed coverage on Relx in a report on Wednesday, October 30th. They set a “hold” rating for the company.

Relx Trading Up 1.8 %

Shares of NYSE RELX opened at $46.80 on Wednesday. The business has a fifty day simple moving average of $46.51 and a 200 day simple moving average of $46.53. Relx has a one year low of $39.43 and a one year high of $48.91. The firm has a market capitalization of $87.11 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 3.53 and a beta of 0.89.

Institutional Investors Weigh In On Relx

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in shares of Relx by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock valued at $39,225,000 after purchasing an additional 104,999 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Relx in the third quarter worth about $548,000. Choreo LLC bought a new position in shares of Relx during the 2nd quarter valued at about $793,000. Creative Planning raised its stake in Relx by 16.4% during the second quarter. Creative Planning now owns 128,930 shares of the technology company’s stock valued at $5,915,000 after purchasing an additional 18,199 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Relx in the third quarter valued at $1,268,000. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Company Profile

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.