Relx (NYSE:RELX) Reaches New 12-Month High at $36.16

Shares of Relx Plc (NYSE:RELX) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $36.16 and last traded at $36.09, with a volume of 143842 shares trading hands. The stock had previously closed at $35.70.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RELX shares. StockNews.com began coverage on Relx in a research report on Thursday, November 2nd. They set a “buy” rating for the company. Credit Suisse Group raised their target price on shares of Relx from GBX 2,915 ($35.98) to GBX 3,000 ($37.03) in a research report on Friday, September 8th. Berenberg Bank began coverage on shares of Relx in a research report on Wednesday, September 27th. They set a “buy” rating on the stock. The Goldman Sachs Group raised Relx from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 3rd. Finally, Morgan Stanley raised their target price on Relx from GBX 2,930 ($36.17) to GBX 2,960 ($36.54) in a research note on Friday, July 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $2,898.33.

Relx Price Performance

The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.42 and a current ratio of 0.48. The stock has a 50 day simple moving average of $34.55 and a 200-day simple moving average of $33.07.

Hedge Funds Weigh In On Relx

Several large investors have recently modified their holdings of RELX. Lazard Asset Management LLC raised its holdings in Relx by 27.4% in the 2nd quarter. Lazard Asset Management LLC now owns 8,246,265 shares of the technology company’s stock worth $275,672,000 after acquiring an additional 1,775,648 shares during the last quarter. Morgan Stanley raised its stake in shares of Relx by 6.6% in the fourth quarter. Morgan Stanley now owns 4,581,965 shares of the technology company’s stock worth $127,012,000 after purchasing an additional 283,667 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Relx by 9.6% during the second quarter. Goldman Sachs Group Inc. now owns 2,791,149 shares of the technology company’s stock valued at $93,308,000 after purchasing an additional 243,339 shares in the last quarter. BlackRock Inc. raised its position in Relx by 2.5% in the 2nd quarter. BlackRock Inc. now owns 2,631,922 shares of the technology company’s stock worth $87,985,000 after buying an additional 63,190 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Relx by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,518,579 shares of the technology company’s stock valued at $84,190,000 after acquiring an additional 105,646 shares during the period. Hedge funds and other 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.