RELX plc ( (GB:REL) ) has issued an announcement.
RELX PLC, a global provider of information-based analytics and decision tools, has announced the repurchase of 258,391 of its ordinary shares through UBS AG London Branch on the London Stock Exchange. These shares will be held as treasury shares, increasing the total number of treasury shares to 34,879,803, while the total number of shares in issue remains at 1,846,795,896. This move is part of the company’s ongoing share buyback program, which has seen the purchase of over 15 million shares since the start of the year, potentially enhancing shareholder value and optimizing capital structure.
Spark’s Take on GB:REL Stock
According to Spark, TipRanks’ AI Analyst, GB:REL is a Outperform.
RELX plc’s overall score reflects its strong financial performance, strategic focus on AI and analytics, and effective capital management through share buybacks. While the technical indicators and high valuation metrics suggest some caution, the company’s robust profitability and positive earnings outlook support a favorable long-term position in the market.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
YTD Price Performance: 9.93%
Average Trading Volume: 4,486
Technical Sentiment Signal: Sell
Current Market Cap: $97.05B
Learn more about REL stock on TipRanks’ Stock Analysis page.