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RELX plc ( (GB:REL) ) has provided an announcement.
RELX PLC, a global provider of information-based analytics and decision tools, has announced the repurchase of 32,200 of its ordinary shares on the London Stock Exchange, which will be held as treasury shares. This transaction is part of RELX’s ongoing share buyback program, which has seen the company purchase a total of 37,798,301 shares since the beginning of the year, indicating a strategic move to enhance shareholder value and optimize capital structure.
The most recent analyst rating on (GB:REL) stock is a Buy with a £40.00 price target. To see the full list of analyst forecasts on RELX plc stock, see the GB:REL Stock Forecast page.
Spark’s Take on GB:REL Stock
According to Spark, TipRanks’ AI Analyst, GB:REL is a Outperform.
RELX plc’s overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting robust growth and strategic initiatives. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation. The company’s ability to maintain growth and profitability amid challenges supports a favorable outlook, but caution is warranted due to market trends.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
Average Trading Volume: 3,737,624
Technical Sentiment Signal: Hold
Current Market Cap: £61.88B
Find detailed analytics on REL stock on TipRanks’ Stock Analysis page.