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RELX plc ( (GB:REL) ) has provided an announcement.
RELX PLC, a global provider of information and analytics for professional and business customers across industries, announced the purchase of 127,500 of its own ordinary shares on the London Stock Exchange through JP Morgan Securities plc. These shares will be held as treasury shares, increasing the total number of treasury shares to 45,364,214. This move is part of RELX’s ongoing share buyback program, which has seen the company purchase 25,756,544 shares since the beginning of the year, indicating a strategy to enhance shareholder value and optimize 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 positive earnings call sentiment are the most significant factors driving the overall stock score. The technical analysis presents some caution with bearish momentum, and the valuation suggests the stock may be expensive. The proactive share buyback program contributes positively, indicating confidence in financial stability and commitment to shareholder value.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
Average Trading Volume: 3,689,601
Technical Sentiment Signal: Buy
Current Market Cap: £71.84B
Learn more about REL stock on TipRanks’ Stock Analysis page.