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RELX plc ( (GB:REL) ) has issued an announcement.
RELX PLC announced the purchase of 32,100 of its own ordinary shares on the London Stock Exchange, which will be held as treasury shares. This transaction is part of an ongoing share buyback program, reflecting the company’s strategy to manage its capital structure and return value to shareholders. As of this purchase, RELX holds over 57 million shares in treasury, indicating a significant commitment to this financial strategy.
The most recent analyst rating on (GB:REL) stock is a Buy with a £4250.00 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
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, focusing on delivering improved outcomes for its clients.
Average Trading Volume: 3,710,788
Technical Sentiment Signal: Hold
Current Market Cap: £61.81B
Find detailed analytics on REL stock on TipRanks’ Stock Analysis page.