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The latest update is out from RELX plc ( (GB:REL) ).
RELX PLC, a global provider of information-based analytics and decision tools, announced the purchase of 216,697 of its own ordinary shares through ABN AMRO Bank N.V. on the London Stock Exchange. These shares will be held as treasury shares, increasing RELX’s total treasury shares to 40,823,350. This move is part of the company’s ongoing strategy to manage its capital structure and return value to shareholders, having purchased over 21 million shares since the start of the year.
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 is positioned well in the publishing industry with strong financial performance and strategic growth initiatives. While technical indicators and valuation suggest caution, recent corporate actions and earnings guidance support a positive outlook. The balanced financial approach mitigates leverage risks, making it an appealing choice for investors seeking growth with income potential.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
Average Trading Volume: 4,282,412
Technical Sentiment Signal: Buy
Current Market Cap: £73.51B
For a thorough assessment of REL stock, go to TipRanks’ Stock Analysis page.
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