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RELX plc ( (GB:REL) ) has issued an update.
RELX PLC has announced the purchase of 61,554 of its own ordinary shares on the London Stock Exchange, which will be held as treasury shares. This transaction, executed through JP Morgan Securities plc, is part of the company’s ongoing share buyback program, which has seen the acquisition of over 39 million shares since the beginning of the year. The move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
The most recent analyst rating on (GB:REL) stock is a Buy with a £43.45 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 contributing to the score. However, the stock’s technical indicators suggest a bearish trend, and its valuation appears high, which tempers the overall score.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
RELX PLC operates within the information and analytics industry, providing data-driven insights and analytics solutions to various sectors, including scientific, technical, medical, legal, and business domains. The company focuses on enhancing decision-making and efficiency for its clients through innovative information solutions.
Average Trading Volume: 4,144,318
Technical Sentiment Signal: Hold
Current Market Cap: £54.87B
See more data about REL stock on TipRanks’ Stock Analysis page.