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RELX plc ( (GB:REL) ) has shared an update.
RELX PLC, a global provider of information-based analytics and decision tools, has announced the purchase of 123,300 of its own ordinary shares, which will be held as treasury shares. This transaction, executed through JP Morgan Securities plc, is part of RELX’s ongoing strategy to manage its capital structure and return value to shareholders. The company now holds over 51 million shares in treasury, reflecting its commitment to maintaining shareholder value and optimizing its financial flexibility.
The most recent analyst rating on (GB:REL) stock is a Buy with a £43.45 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 stock score is driven by strong financial performance and positive earnings call sentiment, highlighting robust growth and strategic initiatives. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation. The company’s ability to maintain growth and profitability amid challenges supports a favorable outlook, but caution is warranted due to market trends.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
YTD Price Performance: -3.64%
Average Trading Volume: 3,272,258
Technical Sentiment Signal: Sell
Current Market Cap: £62.81B
Find detailed analytics on REL stock on TipRanks’ Stock Analysis page.