An update from RELX plc ( (GB:REL) ) is now available.
RELX PLC, a global provider of information-based analytics and decision tools, has announced the purchase of 273,599 of its own ordinary shares through UBS AG London Branch on the London Stock Exchange. These shares will be held as treasury shares, increasing the total number of treasury shares to 33,374,024. This move is part of RELX’s ongoing strategy to manage its capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation.
Spark’s Take on GB:REL Stock
According to Spark, TipRanks’ AI Analyst, GB:REL is a Outperform.
RELX plc’s overall score reflects its strong financial performance and positive earnings outlook, supported by strategic share buybacks and a focus on high-value analytics. However, caution is advised due to technical indicators suggesting limited short-term momentum and a high P/E ratio indicating potential overvaluation.
To see Spark’s full report on GB:REL stock, click here.
More about RELX plc
YTD Price Performance: -4.57%
Average Trading Volume: 3,851
Technical Sentiment Signal: Hold
Current Market Cap: $84.7B
Find detailed analytics on REL stock on TipRanks’ Stock Analysis page.