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RELX PLC Acquires 109,000 Treasury Shares

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RELX PLC Acquires 109,000 Treasury Shares

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An announcement from RELX plc ( (GB:REL) ) is now available.

RELX PLC, a global provider of information-based analytics and decision tools, announced the purchase of 109,000 of its own ordinary shares through JP Morgan Securities plc on the London Stock Exchange. These shares will be held as treasury shares, increasing the total number of treasury shares to 47,850,895. This transaction is part of RELX’s ongoing strategy to manage its share capital effectively, which may impact its market positioning and shareholder value.

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’s strong financial performance and positive earnings call results are the main drivers of its score. The company’s strategic shift towards digital and analytics solutions is promising. However, technical indicators and a high P/E ratio reflect some market caution, which tempers the overall score.

To see Spark’s full report on GB:REL stock, click here.

More about RELX plc

YTD Price Performance: 8.35%

Average Trading Volume: 2,620,854

Technical Sentiment Signal: Buy

Current Market Cap: £71.14B

See more data about REL stock on TipRanks’ Stock Analysis page.

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