Relx (NYSE:RELX) Sets New 52-Week High – Time to Buy?

Shares of Relx Plc (NYSE:RELX) hit a new 52-week high on Tuesday . The stock traded as high as $51.09 and last traded at $51.01, with a volume of 34952 shares changing hands. The stock had previously closed at $50.56.

Analysts Set New Price Targets

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

Relx Stock Performance

The stock’s 50 day simple moving average is $47.51 and its two-hundred day simple moving average is $47.03. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 1.63.

Institutional Trading of Relx

A number of hedge funds and other institutional investors have recently modified their holdings of RELX. Northwest & Ethical Investments L.P. grew its holdings in shares of Relx by 5.6% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 210,600 shares of the technology company’s stock valued at $9,565,000 after purchasing an additional 11,139 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Relx by 6.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 5,633 shares of the technology company’s stock worth $256,000 after acquiring an additional 363 shares in the last quarter. Signaturefd LLC increased its position in shares of Relx by 6.2% during the fourth quarter. Signaturefd LLC now owns 38,564 shares of the technology company’s stock worth $1,752,000 after acquiring an additional 2,255 shares during the period. Natixis Advisors LLC raised its stake in shares of Relx by 2.8% in the fourth quarter. Natixis Advisors LLC now owns 1,202,592 shares of the technology company’s stock valued at $54,622,000 after acquiring an additional 32,739 shares in the last quarter. Finally, Aviso Financial Inc. boosted its holdings in Relx by 2.7% in the fourth quarter. Aviso Financial Inc. now owns 20,674 shares of the technology company’s stock valued at $939,000 after purchasing an additional 547 shares during the period. 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.