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The latest announcement is out from RELX plc ( (GB:REL) ).
RELX PLC, a global provider of information-based analytics and decision tools, announced the purchase of 111,200 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 48,070,271. This move is part of RELX’s ongoing strategy to manage its capital structure effectively, which could potentially enhance shareholder value 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’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
Average Trading Volume: 2,746,443
Technical Sentiment Signal: Buy
Current Market Cap: £69.76B
See more data about REL stock on TipRanks’ Stock Analysis page.