Relx (NYSE:RELX) Hits New 52-Week High – Still a Buy?

Shares of Relx Plc (NYSE:RELX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $49.13 and last traded at $49.10, with a volume of 16471 shares. The stock had previously closed at $48.17.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Redburn Atlantic started coverage on shares of Relx in a report 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 on the stock.

Relx Price Performance

The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.42 and a current ratio of 0.48. The business’s 50-day moving average is $46.44 and its 200-day moving average is $46.59.

Institutional Investors Weigh In On Relx

Several large investors have recently bought and sold shares of the business. FMR LLC grew its position in Relx by 8.3% in the 3rd 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 during the period. Clearbridge Investments LLC increased its position in Relx by 7.2% during the second quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock valued at $103,709,000 after acquiring an additional 152,154 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Relx by 3.4% in the third quarter. Captrust Financial Advisors now owns 1,103,797 shares of the technology company’s stock valued at $52,386,000 after acquiring an additional 35,807 shares during the period. JPMorgan Chase & Co. boosted its position in Relx by 14.6% in the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after purchasing an additional 104,999 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC grew its stake in shares of Relx by 31.8% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 495,004 shares of the technology company’s stock valued at $23,493,000 after purchasing an additional 119,405 shares during the period. 15.02% of the stock is currently owned by institutional investors.

About Relx

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.