Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
An update from RELX plc ( (GB:REL) ) is now available.
RELX PLC, a global provider of information-based analytics and decision tools, announced the repurchase of 214,370 of its own ordinary shares through ABN AMRO Bank N.V. on the London Stock Exchange. These shares will be held as treasury shares, increasing the total number of treasury shares to 41,037,720. This move is part of RELX’s ongoing share buyback program, which has seen the company repurchase over 21 million shares since the beginning of the year, reflecting a strategic effort to manage capital and potentially enhance shareholder value.
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 is positioned well in the publishing industry with strong financial performance and strategic growth initiatives. While technical indicators and valuation suggest caution, recent corporate actions and earnings guidance support a positive outlook. The balanced financial approach mitigates leverage risks, making it an appealing choice for investors seeking growth with income potential.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
Average Trading Volume: 4,255,002
Technical Sentiment Signal: Buy
Current Market Cap: £73.51B
Learn more about REL stock on TipRanks’ Stock Analysis page.