Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
RELX plc ( (GB:REL) ) has shared an update.
RELX plc has announced the repurchase of 280,947 of its ordinary shares through JP Morgan Securities plc, which will be held as treasury shares. This transaction is part of an ongoing share buyback program, with the company having repurchased a total of 24,930,717 shares since the beginning of the year. The move is likely aimed at optimizing the company’s capital structure and returning value to shareholders, reflecting a strategic focus on enhancing shareholder returns.
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.
The overall stock score of 76.8 reflects RELX plc’s strong financial performance and positive corporate actions, notably its share buyback program, which supports shareholder value. Despite a high valuation, the company’s operational efficiency and strategic growth initiatives in AI and analytics are significant positives. Technical analysis shows moderate signals, indicating a cautious outlook.
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 for professional and business customers across various sectors, including scientific, technical, medical, legal, and risk management.
Average Trading Volume: 3,800,972
Technical Sentiment Signal: Buy
Current Market Cap: £71.45B
Learn more about REL stock on TipRanks’ Stock Analysis page.