The Goldman Sachs Group Initiates Coverage on Relx (NYSE:RELX)

The Goldman Sachs Group began coverage on shares of Relx (NYSE:RELX) in a report issued on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating on the technology company’s stock.

RELX has been the topic of several other research reports. Barclays upgraded Relx from an “equal weight” rating to an “overweight” rating in a report on Friday, March 14th. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Redburn Atlantic began coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Relx Stock Performance

RELX opened at $50.05 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. The firm has a market cap of $92.89 billion, a PE ratio of 26.91, a P/E/G ratio of 2.73 and a beta of 0.90. The business has a fifty day simple moving average of $49.44 and a 200-day simple moving average of $47.80. Relx has a fifty-two week low of $40.25 and a fifty-two week high of $51.99.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Relx by 12.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 46,476 shares of the technology company’s stock valued at $2,111,000 after acquiring an additional 5,081 shares in the last quarter. Brucke Financial Inc. purchased a new position in Relx in the fourth quarter valued at about $674,000. B. Riley Wealth Advisors Inc. increased its position in Relx by 20.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 5,761 shares of the technology company’s stock worth $262,000 after purchasing an additional 974 shares during the last quarter. Ascent Group LLC increased its position in Relx by 2.0% in the 4th quarter. Ascent Group LLC now owns 14,024 shares of the technology company’s stock worth $637,000 after purchasing an additional 277 shares during the last quarter. Finally, Forum Financial Management LP raised its stake in shares of Relx by 37.3% during the 4th quarter. Forum Financial Management LP now owns 8,356 shares of the technology company’s stock worth $380,000 after purchasing an additional 2,268 shares in the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.