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RELX plc ( (GB:REL) ) has shared an announcement.
RELX PLC has announced the purchase of 118,146 of its own ordinary shares on the London Stock Exchange, which will be held as treasury shares. This transaction is part of a broader strategy to manage its capital structure, potentially enhancing 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 sentiment are significant strengths, supported by strategic corporate actions like share buybacks. However, technical analysis indicates bearish trends, and the high P/E ratio suggests potential overvaluation, which tempers the overall score.
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 scientific, technical, and medical sectors, offering a range of products and services that enhance productivity and decision-making.
Average Trading Volume: 2,778,155
Technical Sentiment Signal: Buy
Current Market Cap: £65.52B
Learn more about REL stock on TipRanks’ Stock Analysis page.