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RELX plc ( (GB:REL) ) has shared an announcement.
RELX PLC, a global provider of information-based analytics and decision tools, has announced the purchase of 121,500 of its own ordinary shares on the London Stock Exchange through JP Morgan Securities plc. These shares will be held in treasury, increasing the total number of treasury shares to 50,706,578, while the total number of shares in issue remains at 1,831,705,521. This move is part of RELX’s ongoing share buyback program, which has seen the company purchase over 31 million shares since the beginning of the year, reflecting its commitment to returning value to shareholders.
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 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
YTD Price Performance: -2.46%
Average Trading Volume: 3,175,947
Technical Sentiment Signal: Hold
Current Market Cap: £63.6B
For detailed information about REL stock, go to TipRanks’ Stock Analysis page.