Relx (NYSE:RELX) Coverage Initiated at Redburn Atlantic

Redburn Atlantic began coverage on shares of Relx (NYSE:RELX) in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage issued a buy rating on the technology company’s stock.

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

Relx Trading Down 0.8 %

Relx stock opened at $46.39 on Wednesday. Relx has a twelve month low of $40.09 and a twelve month high of $48.91. The stock’s fifty day simple moving average is $46.51 and its 200-day simple moving average is $46.53. The firm has a market capitalization of $86.35 billion, a P/E ratio of 27.45, a P/E/G ratio of 3.53 and a beta of 0.89.

Hedge Funds Weigh In On Relx

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Relx by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after buying an additional 104,999 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Relx during the third quarter worth about $548,000. Choreo LLC acquired a new stake in shares of Relx during the second quarter worth about $793,000. Creative Planning lifted its position in Relx by 16.4% in the second quarter. Creative Planning now owns 128,930 shares of the technology company’s stock valued at $5,915,000 after purchasing an additional 18,199 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Relx in the third quarter valued at about $1,268,000. Institutional investors and hedge funds 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.