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

The Goldman Sachs Group started coverage on shares of Relx (NYSE:RELX - Get Free Report) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set a "buy" rating on the technology company's stock.

A number of other research analysts have also recently issued reports on the company. Redburn Atlantic started coverage on Relx in a report on Wednesday, January 8th. They set a "buy" rating for the company. StockNews.com cut shares of Relx from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Barclays raised Relx from an "equal weight" rating to an "overweight" rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Relx Price Performance

NYSE:RELX traded up $0.14 during mid-day trading on Wednesday, hitting $50.21. The company's stock had a trading volume of 560,996 shares, compared to its average volume of 757,401. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The stock has a fifty day moving average of $49.48 and a 200-day moving average of $47.82. The company has a market capitalization of $93.18 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 2.73 and a beta of 0.90. Relx has a fifty-two week low of $40.25 and a fifty-two week high of $51.99.

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Institutional Investors Weigh In On Relx

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised 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 last quarter. Paradigm Asset Management Co. LLC grew its stake in shares of Relx by 17.1% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company's stock worth $3,706,000 after purchasing an additional 11,900 shares during the period. LGT Group Foundation bought a new stake in Relx in the fourth quarter valued at about $257,000. Smartleaf Asset Management LLC lifted its stake in Relx by 120.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company's stock valued at $548,000 after buying an additional 6,588 shares during the period. Finally, Merit Financial Group LLC bought a new position in Relx during the fourth quarter worth about $301,000. 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.