Relx (NYSE:RELX) Earns Buy Rating from Analysts at Redburn Atlantic

Investment analysts at Redburn Atlantic initiated coverage on shares of Relx (NYSE:RELX) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on RELX. Citigroup upgraded Relx to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com started coverage on shares of Relx in a research note on Wednesday, October 30th. They set a “hold” rating on the stock.

Relx Trading Up 1.8 %

Shares of NYSE RELX opened at $46.80 on Wednesday. The firm has a market cap of $87.11 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 3.53 and a beta of 0.89. The stock has a fifty day simple moving average of $46.52 and a two-hundred day simple moving average of $46.53. Relx has a 1-year low of $39.43 and a 1-year high of $48.91.

Institutional Trading of Relx

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of Relx by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 10,908 shares of the technology company’s stock valued at $495,000 after buying an additional 1,104 shares during the period. Versant Capital Management Inc purchased a new position in Relx during the fourth quarter valued at approximately $31,000. JPMorgan Chase & Co. increased its holdings in Relx by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after acquiring an additional 104,999 shares during the period. Franklin Resources Inc. lifted its stake in Relx by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 18,429 shares of the technology company’s stock worth $873,000 after purchasing an additional 588 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its holdings in Relx by 5.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company’s stock valued at $234,000 after purchasing an additional 267 shares during the period. Hedge funds and other 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.