Relx (NYSE:RELX) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Relx (NYSE:RELXGet Rating) in a report issued on Friday. The brokerage set a “hold” rating on the technology company’s stock.

Other research analysts also recently issued reports about the company. Credit Suisse Group upped their price target on Relx from GBX 2,600 ($31.56) to GBX 2,650 ($32.16) in a research note on Tuesday, March 29th. Morgan Stanley dropped their price target on Relx from GBX 2,750 ($33.38) to GBX 2,730 ($33.14) in a research note on Thursday, February 17th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $2,690.00.

RELX stock opened at $25.50 on Friday. Relx has a 1-year low of $24.81 and a 1-year high of $32.71. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.56 and a current ratio of 0.63. The business has a 50 day simple moving average of $28.98 and a two-hundred day simple moving average of $30.12.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fieldpoint Private Securities LLC lifted its position in Relx by 21.7% in the fourth quarter. Fieldpoint Private Securities LLC now owns 1,961 shares of the technology company’s stock worth $64,000 after buying an additional 350 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in Relx by 3.3% in the first quarter. Harbor Investment Advisory LLC now owns 11,009 shares of the technology company’s stock worth $342,000 after buying an additional 356 shares during the last quarter. Addison Advisors LLC lifted its position in Relx by 10.0% in the first quarter. Addison Advisors LLC now owns 4,166 shares of the technology company’s stock worth $130,000 after buying an additional 379 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Relx by 4.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,746 shares of the technology company’s stock worth $272,000 after buying an additional 386 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its position in Relx by 4.6% in the first quarter. Personal CFO Solutions LLC now owns 9,065 shares of the technology company’s stock worth $282,000 after buying an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 13.56% of the company’s stock.

Relx Company Profile (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.

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