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The latest announcement is out from RELX plc ( (GB:REL) ).
RELX PLC has announced the purchase of 55,750 of its own ordinary shares, which will be held as treasury shares. This transaction, executed through JP Morgan Securities plc, is part of RELX’s ongoing share buyback program, which has seen the company acquire over 38 million shares since the beginning of the year. The move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
The most recent analyst rating on (GB:REL) stock is a Buy with a £43.45 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 strong financial performance and positive earnings call sentiment are the most significant factors contributing to the score. However, the stock’s technical indicators suggest a bearish trend, and its valuation appears high, which tempers the overall score.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
RELX PLC operates in the information and analytics industry, providing scientific, technical, and medical information products and services. The company focuses on delivering data-driven insights to professionals across various sectors, including legal, risk, and business analytics.
Average Trading Volume: 3,968,292
Technical Sentiment Signal: Hold
Current Market Cap: £61.45B
Learn more about REL stock on TipRanks’ Stock Analysis page.