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

StockNews.com assumed coverage on shares of Relx (NYSE:RELX – Get Rating) in a report released on Sunday. The firm set a “buy” rating on the technology company’s stock.

A number of other brokerages also recently commented on RELX. Morgan Stanley reduced their target price on shares of Relx from GBX 2,750 ($33.90) to GBX 2,730 ($33.65) in a report on Thursday, February 17th. Credit Suisse Group upped their price objective on shares of Relx from GBX 2,600 ($32.05) to GBX 2,650 ($32.67) in a report on Tuesday, March 29th. Finally, Zacks Investment Research downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Relx currently has an average rating of “Buy” and a consensus target price of $1,804.67.

RELX stock opened at $28.41 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.63 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $30.18 and a two-hundred day simple moving average of $30.62. Relx has a one year low of $26.08 and a one year high of $32.71.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Relx by 10.9% in the 1st quarter. FMR LLC now owns 5,058 shares of the technology company’s stock valued at $108,000 after buying an additional 498 shares during the period. First Trust Advisors LP acquired a new stake in shares of Relx during the 1st quarter worth about $241,000. OLD Mission Capital LLC acquired a new position in Relx during the third quarter worth approximately $1,754,000. Citadel Advisors LLC acquired a new position in Relx during the second quarter worth approximately $476,000. Finally, Morgan Stanley increased its position in Relx by 14.7% during the second quarter. Morgan Stanley now owns 718,915 shares of the technology company’s stock worth $19,174,000 after buying an additional 92,046 shares during the period. Institutional investors and hedge funds own 13.56% of the company’s stock.

About Relx (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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