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RELX plc ( (GB:REL) ) has shared an announcement.
RELX PLC announced the purchase of 211,711 of its own ordinary shares on the London Stock Exchange, which will be held as treasury shares. This transaction is part of a larger share buyback program, as the company has acquired a total of 22,946,208 shares since the start of the year. This move may indicate RELX’s confidence in its financial stability and is likely to impact shareholder value positively by reducing the number of shares in circulation.
The most recent analyst rating on (GB:REL) stock is a Buy with a £42.75 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 scores highly due to robust financial performance and positive earnings call outcomes, including strong growth and strategic initiatives. However, technical analysis indicates bearish trends, and valuation metrics suggest potential overvaluation. The company’s aggressive share buyback program supports shareholder value.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
RELX PLC is a global provider of information-based analytics and decision tools for professional and business customers across industries. The company operates in the fields of science, technical and medical, risk and business analytics, legal, and exhibitions, offering solutions that help customers make better decisions, get better results, and be more productive.
Average Trading Volume: 4,002,959
Technical Sentiment Signal: Buy
Current Market Cap: £71.8B
For detailed information about REL stock, go to TipRanks’ Stock Analysis page.