LONDON, June 29, 2026, 13:08 BST
- RELX gained 0.47% to 2,374p. The FTSE 100 traded a bit lower.
- The fresh £100 million buyback set for July takes total 2026 share repurchases announced to £1.85 billion, or about 82% of the £2.25 billion target.
- The stock is off 39.7% for the year. FTSE 100 is up 19.3% in the same period.
- The median analyst target is 3,140p, about 32% higher than the latest price.
RELX PLC (LON:REL) ticked up Monday as the information and analytics company announced a fresh share buyback, putting the focus on capital returns while the stock stays well under last year’s price.
Shares traded at 2,374p as of 13:06 BST, up 0.47% in normal hours on the London Stock Exchange, running from 0800 to 1630 BST. MarketScreener data had RELX up 1.98% over five days. The stock is down 21.39% for the year and has dropped 39.70% in the past 12 months.
FTSE 100 slipped 0.09% to 10,498.45 as of 12:51 BST, rising 19.32% for the past year, according to Investors Chronicle data. RELX trails the index by nearly 59 points on a one-year view, an unusual lag for a name often called a UK quality compounder.
| Measure | RELX | FTSE 100 |
|---|---|---|
| Latest quoted move | RELX up 0.47% | FTSE 100 slipped 0.09% |
| Latest level | Shares at 2,374p | Index at 10,498.45 |
| One-year change | Fell 39.70% in the year | FTSE 100 has gained 19.32% |
| Relative one-year gap | Gap at -59.02 pts | — |
RELX plans to buy back £100 million of its shares between July 1 and July 21. The move comes after finishing a £200 million buyback on June 26 and fits into a wider £2.25 billion programme first announced in February. ABN AMRO Bank N.V. AMS:ABN will handle the July buyback and will trade independently from RELX, the company said in a notice.
July’s buyback isn’t big against RELX’s £41.6 billion market cap—only about 0.24% of shares. But the pace stands out. Announced tranches so far mean RELX has already done £1.75 billion in 2026 buybacks and will hit £1.85 billion after July wraps up, with £400 million left for later this year.
| 2026 buyback tranche | Period | Size |
|---|---|---|
| Done before Feb. 12 | to Feb. 6 | £250 mln |
| Feb-Mar | Feb. 12-March 20 | £450 mln |
| Mar-Apr | March 23-April 22 | £350 mln |
| Apr-May | April 23-May 22 | £350 mln |
| May-June | May 26-June 8 | £150 mln |
| June | June 9-June 26 | £200 mln |
| July announced | July 1-July 21 | £100 mln |
| Total for 2026 so far | by July 21 | £1.85 bln |
The £2.25 billion buyback comes out to around 5.4% of RELX’s market value, using Hargreaves Lansdown’s £41.62 billion market cap for the company. Hargreaves also put the stock’s dividend yield at 2.84% and its price/earnings ratio at 18.39.
Shares still trade well below where analysts think they should be. Investors Chronicle lists 15 analysts with a 12-month median target at 3,140p, a low at 2,870p, and the top end out at 5,300p. With the current price at 2,374p, the lowest target is 21% higher than the market.
| Analyst target | GBX | Implied premium to 2,374p |
|---|---|---|
| Low end | 2,870 | 20.9% |
| Median call | 3,140 | 32.3% |
| High end | 5,300 | 123.3% |
Rob Hales, senior equity analyst at Morningstar, said in April that “We think RELX stock is significantly undervalued.” Morningstar kept its 4,200p fair value and maintained a wide-moat rating after RELX’s April trading update. Morningstar
RELX said business started strong this year in all four units and stuck with its forecast for solid underlying revenue, adjusted operating profit, and constant-currency earnings per share growth. Double-digit growth in law firms and corporate legal continued, the company said, helped by Lexis+ with Protégé, its integrated legal assistant.
RELX’s chief executive Erik Engstrom said in February, “the continued evolution of artificial intelligence is enabling us to add more value to our customers.” For 2025, RELX posted revenue of £9.59 billion, a 7% increase on an underlying basis. Adjusted operating profit was £3.34 billion, up 9%. Relx
