Relx (NYSE:RELX) Now Covered by Analysts at Redburn Atlantic

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

RELX has been the subject of a number of other research reports. Citigroup raised shares of Relx to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com started coverage on Relx in a research note on Wednesday, October 30th. They issued a “hold” rating on the stock.

Relx Stock Performance

Relx stock opened at $46.04 on Wednesday. The firm has a market cap of $85.70 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 3.53 and a beta of 0.89. Relx has a 52-week low of $39.43 and a 52-week high of $48.91. The firm has a 50 day moving average price of $46.51 and a two-hundred day moving average price of $46.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new position in shares of Relx during the fourth quarter valued at about $31,000. Private Trust Co. NA increased its position in Relx by 119.9% in the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after buying an additional 566 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Relx during the 2nd quarter worth approximately $107,000. Wilmington Savings Fund Society FSB bought a new position in Relx in the third quarter worth approximately $125,000. Finally, Grove Bank & Trust grew its stake in Relx by 10.2% in the third quarter. Grove Bank & Trust now owns 3,758 shares of the technology company’s stock valued at $178,000 after acquiring an additional 348 shares during the period. 15.02% of the stock is owned by institutional investors.

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.