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RELX plc ( (GB:REL) ) has provided an update.
RELX PLC, a global provider of information-based analytics and decision tools, announced the purchase of 61,500 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 59,057,789. This move is part of RELX’s ongoing share buyback program, which aims to enhance shareholder value and optimize the company’s capital structure.
The most recent analyst rating on (GB:REL) stock is a Buy with a £3348.00 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 sentiment, which highlight robust growth and strategic initiatives. However, technical analysis indicates bearish momentum, and the valuation suggests the stock may be overvalued. These factors balance the strong operational performance, resulting in a moderate overall score.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
Average Trading Volume: 4,425,242
Technical Sentiment Signal: Hold
Current Market Cap: £55.08B
For detailed information about REL stock, go to TipRanks’ Stock Analysis page.