Relx (NYSE:RELX) Hits New 1-Year High at $36.66

Relx Plc (NYSE:RELX)’s share price reached a new 52-week high on Thursday . The company traded as high as $36.66 and last traded at $36.65, with a volume of 42523 shares trading hands. The stock had previously closed at $36.28.

Analysts Set New Price Targets

Several brokerages have commented on RELX. Barclays boosted their price target on shares of Relx from GBX 2,770 ($34.02) to GBX 2,860 ($35.12) in a research report on Monday, October 2nd. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research report on Monday. Berenberg Bank assumed coverage on Relx in a research report on Wednesday, September 27th. They set a “buy” rating on the stock. Morgan Stanley upped their price objective on Relx from GBX 2,930 ($35.98) to GBX 2,960 ($36.35) in a research note on Friday, July 28th. Finally, The Goldman Sachs Group raised shares of Relx from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Relx presently has an average rating of “Moderate Buy” and an average target price of $2,898.33.

Relx Stock Performance

The firm has a 50 day simple moving average of $34.77 and a 200-day simple moving average of $33.14. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.48 and a quick ratio of 0.42.

Institutional Investors Weigh In On Relx

A number of large investors have recently added to or reduced their stakes in RELX. Valeo Financial Advisors LLC increased its holdings in shares of Relx by 4.4% in the second quarter. Valeo Financial Advisors LLC now owns 7,197 shares of the technology company’s stock valued at $241,000 after purchasing an additional 304 shares during the last quarter. Personal CFO Solutions LLC grew its stake in Relx by 4.0% in the 1st quarter. Personal CFO Solutions LLC now owns 9,425 shares of the technology company’s stock valued at $306,000 after buying an additional 359 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Relx in the 1st quarter valued at about $204,000. Janney Montgomery Scott LLC lifted its position in Relx by 1.3% during the second quarter. Janney Montgomery Scott LLC now owns 344,868 shares of the technology company’s stock worth $11,529,000 after acquiring an additional 4,275 shares during the last quarter. Finally, PDS Planning Inc bought a new stake in shares of Relx during the second quarter worth approximately $223,000. Institutional investors own 3.56% of the company’s stock.

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.