Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
RELX plc ( (GB:REL) ) has shared an announcement.
RELX PLC, a global provider of information-based analytics and decision tools, announced the purchase of 128,300 of its own ordinary shares on the London Stock Exchange. These shares will be held as treasury shares, bringing the total number of treasury shares to 45,749,368. This move is part of an ongoing share buyback program, which aims to enhance 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 is strongly positioned in the publishing industry with robust financial performance, strategic cash flow management, and a well-managed capital structure. However, high valuation limits upside potential, and technical indicators suggest cautious momentum. The strategic focus on AI and analytics, coupled with shareholder-friendly policies like buybacks, enhance its attractiveness.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
YTD Price Performance: 8.63%
Average Trading Volume: 3,435,421
Technical Sentiment Signal: Strong Buy
Current Market Cap: £71.39B
Find detailed analytics on REL stock on TipRanks’ Stock Analysis page.