Relx (NYSE:RELX) Now Covered by Redburn Atlantic

Redburn Atlantic started coverage on shares of Relx (NYSE:RELX) in a research report issued on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating on the technology company’s stock.

Several other analysts also recently commented on RELX. Citigroup raised Relx to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com initiated coverage on Relx in a research note on Wednesday, October 30th. They set a “hold” rating on the stock.

Relx Price Performance

RELX opened at $46.04 on Wednesday. Relx has a fifty-two week low of $39.43 and a fifty-two week high of $48.91. The firm has a market capitalization of $85.70 billion, a PE ratio of 27.24, a P/E/G ratio of 3.53 and a beta of 0.89. The company’s 50-day moving average is $46.51 and its 200 day moving average is $46.53.

Hedge Funds Weigh In On Relx

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Relx by 14.6% in the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock valued at $39,225,000 after acquiring an additional 104,999 shares in the last quarter. CWA Asset Management Group LLC bought a new position in Relx in the 3rd quarter valued at $548,000. Choreo LLC purchased a new stake in shares of Relx during the 2nd quarter valued at $793,000. Creative Planning raised its stake in shares of Relx by 16.4% during the 2nd quarter. Creative Planning now owns 128,930 shares of the technology company’s stock worth $5,915,000 after purchasing an additional 18,199 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Relx in the 3rd quarter worth about $1,268,000. Institutional investors own 15.02% 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.