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

Equities research analysts at The Goldman Sachs Group started coverage on shares of Relx (NYSE:RELX) in a research report issued on Wednesday, Marketbeat.com reports. The brokerage set a “buy” rating on the technology company’s stock.

RELX has been the subject of several other reports. Redburn Atlantic began coverage on Relx in a report on Wednesday, January 8th. They issued a “buy” rating for the company. Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. Finally, StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. 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. According to MarketBeat, the stock presently has an average rating of “Buy”.

Relx Price Performance

NYSE RELX opened at $50.05 on Wednesday. Relx has a fifty-two week low of $40.25 and a fifty-two week high of $51.99. The stock’s 50-day moving average is $49.44 and its two-hundred day moving average is $47.80. The firm has a market cap of $92.89 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47.

Institutional Investors Weigh In On Relx

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in Relx by 8.3% in the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock valued at $339,284,000 after purchasing an additional 548,423 shares during the period. Bank of America Corp DE raised its position in shares of Relx by 4.2% during the fourth quarter. Bank of America Corp DE now owns 6,246,462 shares of the technology company’s stock valued at $283,714,000 after buying an additional 253,107 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Relx by 1.2% in the fourth quarter. Lazard Asset Management LLC now owns 4,224,334 shares of the technology company’s stock valued at $191,868,000 after buying an additional 48,793 shares during the period. Dimensional Fund Advisors LP grew its position in Relx by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,189,886 shares of the technology company’s stock worth $144,885,000 after buying an additional 121,831 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Relx by 368.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company’s stock valued at $127,437,000 after acquiring an additional 2,208,119 shares during the period. 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.