RELX PLC Enhances Share Buyback Program with New Purchase

RELX plc ( (GB:REL) ) has issued an announcement.

RELX PLC has announced the purchase of 212,433 of its own ordinary shares through ABN AMRO Bank N.V., which will be held as treasury shares. This transaction is part of a larger share buyback program, with the company having acquired over 19 million shares since the beginning of the year, potentially indicating a strategic effort to consolidate ownership and enhance shareholder value.

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 overall stock score is driven by its strong financial performance and positive earnings call. The robust share buyback program further enhances confidence in the company’s future. However, the high valuation suggests caution, as it may limit upside potential.

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 analytics solutions to various sectors including scientific, technical, medical, and legal industries.

Average Trading Volume: 4,469,450

Technical Sentiment Signal: Buy

Current Market Cap: £75.32B

See more data about REL stock on TipRanks’ Stock Analysis page.