Relx (NYSE:RELX) Reaches New 12-Month High – Here’s Why

Relx Plc (NYSE:RELX) shares 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.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RELX shares. Redburn Atlantic began coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating for the company. StockNews.com assumed coverage on shares of Relx in a research report on Wednesday, October 30th. They issued a “hold” rating for the company.

Relx Stock Up 2.2 %

The firm has a fifty day simple moving average of $46.97 and a 200-day simple moving average of $46.76. The company has a market capitalization of $93.68 billion, a PE ratio of 27.35, a P/E/G ratio of 3.21 and a beta of 0.89. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.42 and a current ratio of 0.48.

Institutional Investors Weigh In On Relx

Institutional investors have recently modified their holdings of the stock. CENTRAL TRUST Co grew its stake in Relx by 1,290.2% in the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after purchasing an additional 529 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Relx in the 4th quarter worth approximately $31,000. Private Trust Co. NA increased its holdings in shares of Relx by 119.9% in the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after acquiring an additional 566 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Relx in the 3rd quarter valued at approximately $125,000. Finally, Grove Bank & Trust raised its position in shares of Relx by 10.2% during the 3rd quarter. Grove Bank & Trust now owns 3,758 shares of the technology company’s stock valued at $178,000 after acquiring an additional 348 shares in the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

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.