Relx (NYSE:RELX) Sets New 12-Month High - Should You Buy?

Relx Plc (NYSE:RELX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $55.45 and last traded at $55.40, with a volume of 61899 shares trading hands. The stock had previously closed at $54.99.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Relx from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group began coverage on Relx in a report on Wednesday, March 26th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Relx has a consensus rating of "Buy".

Relx Trading Up 0.9%

The stock has a market capitalization of $102.36 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The firm's fifty day simple moving average is $51.79 and its 200 day simple moving average is $49.17.

Hedge Funds Weigh In On Relx

A number of institutional investors have recently modified their holdings of the business. Merit Financial Group LLC bought a new position in Relx in the fourth quarter valued at about $301,000. Linden Thomas Advisory Services LLC boosted its stake in shares of Relx by 25.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 9,668 shares of the technology company's stock valued at $439,000 after purchasing an additional 1,984 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its holdings in shares of Relx by 2.7% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 280,889 shares of the technology company's stock valued at $12,755,000 after purchasing an additional 7,289 shares during the last quarter. Blue Trust Inc. increased its position in Relx by 46.8% during the 4th quarter. Blue Trust Inc. now owns 15,698 shares of the technology company's stock worth $745,000 after purchasing an additional 5,004 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its position in Relx by 11.3% during the 4th quarter. Perigon Wealth Management LLC now owns 6,972 shares of the technology company's stock worth $334,000 after purchasing an additional 707 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.