RELX plc Acquires Additional Treasury Shares

RELX plc ( (GB:REL) ) has shared an update.

RELX plc has announced the purchase of 288,000 of its own ordinary shares through JP Morgan Securities plc, which will be held as treasury shares. This transaction is part of a broader strategy, as the company has acquired over 23 million shares since the beginning of the year, potentially reflecting efforts to consolidate ownership and enhance 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 overall score is driven by strong financial performance and positive earnings call outcomes. While corporate events like share buybacks reflect confidence, technical indicators suggest caution. Valuation concerns due to a high P/E ratio also impact the overall score.

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

More about RELX plc

RELX plc operates in the information and analytics industry, providing data-driven insights and tools for professional and business customers across various sectors, including science, healthcare, legal, and risk management.

YTD Price Performance: 8.52%

Average Trading Volume: 3,957,173

Technical Sentiment Signal: Buy

Current Market Cap: £71.43B

For detailed information about REL stock, go to TipRanks’ Stock Analysis page.