Relx (NYSE:RELX) Reaches New 1-Year High – What’s Next?

Relx Plc (NYSE:RELX)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $49.58 and last traded at $49.47, with a volume of 682654 shares changing hands. The stock had previously closed at $49.12.

Analysts Set New Price Targets

RELX has been the topic of several analyst reports. StockNews.com started coverage on Relx in a research report on Wednesday, October 30th. They issued a “hold” rating on the stock. Redburn Atlantic initiated coverage on shares of Relx in a research report on Wednesday, January 8th. They set a “buy” rating for the company.

Relx Stock Performance

The company has a debt-to-equity ratio of 1.63, a current ratio of 0.48 and a quick ratio of 0.42. The stock has a fifty day moving average price of $46.97 and a two-hundred day moving average price of $46.76. The company has a market cap of $93.68 billion, a P/E ratio of 27.35, a PEG ratio of 3.21 and a beta of 0.89.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RELX. FMR LLC raised its holdings in Relx by 8.3% during the third quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after purchasing an additional 548,423 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Relx by 7.2% during the 2nd quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock valued at $103,709,000 after purchasing an additional 152,154 shares during the period. Captrust Financial Advisors raised its stake in shares of Relx by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 1,103,797 shares of the technology company’s stock worth $52,386,000 after buying an additional 35,807 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Relx by 14.6% in the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock valued at $39,225,000 after buying an additional 104,999 shares during the period. Finally, Reynders McVeigh Capital Management LLC boosted its stake in Relx by 31.8% during the third quarter. Reynders McVeigh Capital Management LLC now owns 495,004 shares of the technology company’s stock valued at $23,493,000 after buying an additional 119,405 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Company Profile

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.