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RELX plc ( (GB:REL) ) has provided an announcement.
RELX PLC, a global provider of information-based analytics and decision tools, announced the purchase of 424,800 of its own ordinary shares on the London Stock Exchange through JP Morgan Securities plc. These shares will be held as treasury shares, increasing the total treasury shares to 55,406,100. This move is part of a broader strategy, as the company has acquired a total of 35,798,430 shares since the beginning of the year, potentially signaling confidence in its market position and financial health.
The most recent analyst rating on (GB:REL) stock is a Buy with a £44.75 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
YTD Price Performance: -2.24%
Average Trading Volume: 3,541,492
Technical Sentiment Signal: Hold
Current Market Cap: £63.59B
See more insights into REL stock on TipRanks’ Stock Analysis page.