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RELX plc ( (GB:REL) ) just unveiled an announcement.
RELX PLC, a global provider of information and analytics for professional and business customers, announced the purchase of 117,800 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 held by RELX to 49,491,839. This move is part of the company’s ongoing strategy to manage its share capital effectively, potentially impacting shareholder value and market perception positively.
The most recent analyst rating on (GB:REL) stock is a Buy with a £3929.00 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 strong financial performance and positive earnings call sentiment, highlighting robust growth and strategic initiatives. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation. The company’s ability to maintain growth and profitability amid challenges supports a favorable outlook, but caution is warranted due to market trends.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
Average Trading Volume: 3,011,790
Technical Sentiment Signal: Buy
Current Market Cap: £64.69B
For a thorough assessment of REL stock, go to TipRanks’ Stock Analysis page.