RELX PLC Expands Share Buyback Program with Latest Purchase

RELX plc ( (GB:REL) ) has shared an update.

RELX PLC, a global provider of information-based analytics and decision tools, has announced the purchase of 284,500 of its own ordinary shares through JP Morgan Securities plc on the London Stock Exchange. These shares will be held as treasury shares, increasing the total number of treasury shares held by RELX to 43,689,790. This move is part of RELX’s ongoing share buyback program, which has seen the company purchase over 24 million shares since the beginning of the year, potentially enhancing shareholder value and optimizing 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 overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting robust growth and effective strategic initiatives. The active share buyback program adds positive sentiment to corporate events. However, technical indicators and a high P/E ratio slightly moderate the enthusiasm, suggesting cautious optimism.

To see Spark’s full report on GB:REL stock, click here.

More about RELX plc

Average Trading Volume: 3,906,675

Technical Sentiment Signal: Buy

Current Market Cap: £71.61B

Learn more about REL stock on TipRanks’ Stock Analysis page.