RELX plc Continues Share Buyback Program with Latest Acquisition

RELX plc ( (GB:REL) ) just unveiled an announcement.

RELX plc announced the repurchase of 217,436 of its own ordinary shares on the London Stock Exchange, which will be held as treasury shares. This transaction is part of the company’s ongoing share buyback program, which has seen the acquisition of over 22 million shares since the beginning of the year, potentially enhancing shareholder value and optimizing capital structure.

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 strategic growth initiatives in AI and analytics are significant positives, supported by robust cash flow and shareholder returns. However, a high valuation and some technical indicators suggest caution. The share buyback program further strengthens confidence in the company’s prospects.

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 solutions primarily for professional and business customers across various sectors including science, law, and finance.

Average Trading Volume: 4,102,243

Technical Sentiment Signal: Buy

Current Market Cap: £72.94B

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