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RELX plc ( (GB:REL) ) just unveiled an announcement.
RELX PLC announced the purchase of 59,500 of its own ordinary shares through JP Morgan Securities plc on the London Stock Exchange, which will be held as treasury shares. This transaction is part of an ongoing share buyback program, reflecting the company’s commitment to returning value to shareholders and managing its capital structure effectively.
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 strong financial performance and positive earnings call sentiment are the most significant factors contributing to the score. However, the stock’s technical indicators suggest a bearish trend, and its valuation appears high, which tempers the overall score.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
RELX PLC operates in the information and analytics industry, providing data-driven insights and analytics primarily for professional and business customers across various sectors, including science, technology, and legal industries.
YTD Price Performance: -12.44%
Average Trading Volume: 4,062,215
Technical Sentiment Signal: Hold
Current Market Cap: £56.88B
See more data about REL stock on TipRanks’ Stock Analysis page.