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RELX plc ( (GB:REL) ) has shared an announcement.
RELX PLC, a global provider of information-based analytics and decision tools, announced the purchase of 54,800 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 57,887,533. 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 and increasing earnings per share.
The most recent analyst rating on (GB:REL) stock is a Buy with a £3821.00 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 the most significant factors contributing to the score. However, the stock’s technical indicators suggest a bearish trend, and its valuation appears high, which tempers the overall score.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
Average Trading Volume: 4,019,681
Technical Sentiment Signal: Hold
Current Market Cap: £61.8B
Find detailed analytics on REL stock on TipRanks’ Stock Analysis page.