RELX PLC Share Price: What to Know Before the London Market Opens on 17 November 2025

As traders prepare for the London Stock Exchange (LSE) to reopen on Monday, 17 November 2025, RELX PLC (LON: REL), the data and analytics giant behind brands such as LexisNexis, heads into the session near fresh 52‑week lows despite delivering robust growth and continuing sizeable share buybacks.

Below is a concise pre‑open briefing on the RELX share price, the latest news and the key themes investors may want to keep in mind.

1. Where the RELX share price stands before the open

At the close on Friday, 14 November 2025, RELX shares finished around 3,126p, having traded between roughly 3,095p and 3,139p on the day, on volume just under 4.9 million shares. ^[1]

That intraday low of 3,095p now also represents the 52‑week low, while the 52‑week high on the LSE stands at 4,205p, set earlier in the year. ^[2] In other words, going into Monday’s session, RELX is trading roughly 25–26% below its peak, with the price only a fraction above its new low.

Key snapshot as of Friday’s close (LSE data):

Last close: ~3,126p
Bid / offer: 3,115p / 3,117p ^[3]
52‑week range (LSE): 3,095p – 4,205p ^[4]
Market cap: about £57 billion ^[5]
Trailing P/E (HL data): c. 26x earnings ^[6]

The US‑listed ADR (NYSE: RELX) closed on Friday at $41.33, about 27% below its 52‑week high of $56.33 and only around 1–2% above its 52‑week low of $40.77. ^[7] That reinforces the picture: both London and New York listings are hovering near the bottom of their one‑year trading ranges.

There is no pre‑market trading on the main LSE line, so the latest reliable reference for Monday’s open is still Friday’s close.

2. November price action: steady downtrend despite intraday swings

November has been choppy for RELX, but the dominant direction has been down:

Earlier in the month, the LSE line was trading in the low‑to‑mid 3,300p range; by 14 November it had slipped back towards 3,100p, a fall of roughly 6–7% from late October levels. ^[8]
Market reports highlight several sharp daily moves. For example, RELX shares:
- Dropped around 3.7% on Friday 7 November, closing near £31.94. ^[9]
- Rallied about 1.2% on Wednesday 5 November to roughly £34.17, but remained well below the February high of £42.05. ^[10]
- Fell about 2.8% on Wednesday 12 November to around £31.36, underperforming a relatively steady FTSE 100. ^[11]

The overall message: short‑term momentum is negative, with the stock moving from the upper part of its 2025 range to near the lows in a matter of weeks.

Some technical‑analysis services have turned notably cautious. One widely followed service recently downgraded the ADR from ‘Hold’ to a ‘Strong Sell’ technical candidate, citing a falling trend, increased volume on down days and a lack of obvious chart support just below current levels. ^[12] Its modelling suggests modest intraday swings (around 2% up or down) are possible for Monday’s US session—though, as always, such short‑term forecasts are inherently uncertain.

3. Fundamentals look strong: what the latest results show

The paradox for many investors is that the share price is weak while the business is not. RELX’s 2025 first‑half results and its latest trading update both point to solid underlying growth.

First‑half 2025 results (24 July 2025)

In its half‑year report, RELX delivered: ^[13]

Revenue: £4,741m (up from £4,641m), with underlying growth of +7%.
Adjusted operating profit: £1,652m, with underlying growth of +9%, lifting the adjusted operating margin to 34.8% (from 34.1%).
Adjusted EPS: 63.5p, representing +10% growth at constant currency.
Interim dividend: 19.5p, up 7% year‑on‑year.
Cash flow: adjusted cash‑flow conversion of 100% and net debt/EBITDA of about 2.2x.

Management emphasised that growth is increasingly driven by higher‑value analytics and decision tools, often powered by AI, across its core divisions: Risk, Scientific, Technical & Medical (STM), Legal and Exhibitions. ^[14]

October 2025 trading update: momentum intact

On 23 October 2025, RELX issued a trading update for the first nine months of the year, reporting underlying revenue growth of +7% year‑to‑date and reaffirming its full‑year outlook. ^[15]

By division, underlying revenue growth year‑to‑date was: ^[16]

Risk: +8% — benefiting from demand for AI‑enhanced fraud, identity and financial‑crime solutions.
Scientific, Technical & Medical: +5% — good growth driven by databases, tools and strong research submissions.
Legal: +9% — boosted by strong take‑up of Lexis+ AI and its new AI legal assistant Protégé, including the latest “Protégé General AI” launch.
Exhibitions: +8% — with events back on a strong growth trajectory and digital initiatives adding value.

The group repeated that it expects another year of strong underlying growth in revenue and adjusted operating profit, with adjusted EPS also growing strongly at constant currency. ^[17]

Structural strengths: digital mix and scale

A recent investor overview presentation highlights several structural positives for RELX: ^[18]

2024 revenue: about £9.4 billion with adjusted operating profit of roughly £3.2 billion.
Market cap (early November): around £61 billion, putting RELX among the top ten companies in the FTSE 100 by value.
Business mix: approximately 84% of revenue is electronic, and a little over half is subscription‑based, supporting recurring cash flows.
Global reach: more than 36,000 employees, customers in over 180 countries, and listings in London, Amsterdam and on the NYSE.

Long‑term press coverage has also underscored that RELX shares have massively outperformed the FTSE 100 over the past decade, even after a recent pull‑back, as the company evolved from a print publisher into a high‑margin digital and data‑analytics business. ^[19]

4. Valuation and analyst sentiment ahead of 17 November

Premium valuation despite the correction

Even after the recent drop, RELX still trades at a premium to much of the UK market:

Hargreaves Lansdown data places the trailing P/E around 26x, with 2024 EPS of about 120p. ^[20]
A recent Simply Wall St piece notes a P/E of roughly 30x versus a UK market where many companies sit below 16x, highlighting that RELX is still priced as a quality growth compounder rather than a value stock. ^[21]

Analysts expect mid‑teens earnings growth over the next few years, but some commentators point out that forecast EPS growth is slightly below broader market expectations, which is part of the debate over whether the current premium is justified. ^[22]

Broker ratings: fundamentally positive, tactically split

Sell‑side and data‑provider views going into Monday include:

Average rating: “Buy” – MarketBeat reports that six research firms covering the ADR currently give RELX an average recommendation of Buy, with five Buy ratings and one Strong Buy. ^[23]
A separate MarketBeat note on the new 52‑week low reiterates that the analyst consensus remains positive, even as the share price trades below its 50‑ and 200‑day moving averages. ^[24]
On the LSE line, TipRanks highlights a recent analyst price target of £42.50 and references a block listing announcement (see below), while its AI “Spark” tool classifies RELX as “Outperform” but flags bearish technical momentum and a rich valuation. ^[25]
A separate aggregation of analyst data suggests a consensus price target around £44.18, according to a summary of recent analyst moves. ^[26]

In contrast, purely technical services like StockInvest have turned negative in the very short term, downgrading RELX to a Strong Sell candidate based on trend and momentum indicators and noting that the US‑listed shares are close to their 52‑week low. ^[27]

The split is clear:

Fundamental analysts: generally see RELX as a high‑quality compounder with upside over the medium to long term.
Short‑term technical models: focus on the recent downtrend and lack of nearby chart support.

5. Corporate actions: buybacks, dividends and extra share listing

Capital returns are an important part of the RELX equity story, and recent news here is significant for anyone watching the share price.

£1.5 billion 2025 buyback programme

In its half‑year results, RELX confirmed a £1.5 billion share buyback for 2025. By the end of June, £1.0 billion had already been completed, with another £75 million executed after 1 July and the remaining £425 million slated for deployment before year‑end. ^[28]

Alongside regular dividends – including an interim dividend of 19.5p and a final 2024 dividend of 44.8p – buybacks have been a major driver of total shareholder returns. ^[29]

Ongoing daily buybacks: “Transactions in own shares”

Regulatory news filed on 13 November 2025 shows RELX continuing to repurchase shares on the market: ^[30]

On 13 November 2025, the company bought 58,642 shares via JP Morgan Securities at a volume‑weighted average price of about 3,152.7p.
After that transaction, RELX held roughly 58.45 million shares in treasury, with about 1.82 billion shares in issue (excluding treasury).
Since 2 January 2025, the company has repurchased approximately 38.8 million shares.

These transactions are small relative to daily trading volume but, over time, they reduce the free float, support EPS growth and can provide some demand on weak days.

Additional share listing for employee scheme

On top of the buybacks, RELX has applied for a block listing of 50,000 ordinary shares on the LSE in connection with its 2013 Save As You Earn (SAYE) share option scheme. Admission of these shares was expected on 10 October 2025, effectively pre‑authorising a small pool of shares for employee options. ^[31]

The size is immaterial in percentage terms, but it underlines RELX’s use of equity‑based incentives while maintaining an overall shareholder‑friendly capital allocation approach.

6. Business news: AI, risk analytics and global expansion

Beyond the ticker tape, several recent announcements from RELX’s operating businesses give context to the share price:

LexisNexis Risk Solutions (part of the Risk division) has published fresh research on automotive brand loyalty in the US, highlighting its expanding data and analytics footprint in insurance and automotive markets. ^[32]
Related press coverage points to new data‑centre investments in Asia‑Pacific and continued innovation in fraud prevention and financial‑crime compliance tools – areas cited by RELX as key growth engines in the October trading update. ^[33]
In the Legal division, the company reports strong momentum from Lexis+ AI and its next‑generation Protégé AI legal assistant, which are driving double‑digit growth in certain customer segments. ^[34]

These developments align with RELX’s stated strategy of shifting further into AI‑enabled analytics and decision tools, a theme that both supports the growth narrative and contributes to investor debate about long‑term competitive positioning and regulatory risk. ^[35]

7. Ownership structure: institutions dominate the register

Ownership data is another piece of the pre‑open puzzle:

Simply Wall St estimates that institutions own around 75% of RELX’s shares, with the top 25 shareholders together holding about 44%. The largest single holders include BlackRock (around 11%), Vanguard (~5%) and FMR (about 3.5%). ^[36]
The general public – mostly retail investors – own roughly 24%, with insiders holding less than 1% of the stock directly (though in meaningful sterling terms). ^[37]

A high institutional share makes RELX sensitive to fund flows and index positioning. If large global managers rotate away from expensive growth stocks or from UK assets, that can amplify moves, both up and down, regardless of day‑to‑day news.

8. Key things to watch when RELX starts trading on 17 November 2025

Going into Monday’s London open, here are the main factors informed investors are likely to focus on:

Does support around the 3,100p area hold?
The stock is trading just above its 52‑week low (3,095p). A clear break below that level could encourage momentum selling, while a bounce could signal bargain‑hunting in a quality name that’s sold off hard. ^[38]
Whether buybacks step in on further weakness
With hundreds of millions of pounds still authorised for repurchases in 2025 and a track record of daily buying, investors will be watching regulatory “transaction in own shares” notices this week to see if the company accelerates purchases at lower prices. ^[39]
Macro and sector sentiment
RELX often trades as a high‑quality, defensive growth stock, but recent reports show tech‑adjacent and digital names in the FTSE can sell off sharply when bond yields spike or when investors question AI‑related valuations. ^[40]
Evolving analyst narrative
The fundamental consensus remains broadly positive, with Buy ratings and high‑30s to mid‑40s price targets in pounds, but technical services and some valuation‑sensitive commentators are turning more cautious, pointing to the rich multiples and recent break to new lows. ^[41]
Balance sheet and leverage
MarketBeat’s analysis notes relatively low liquidity ratios (quick ratio ~0.4, current ratio ~0.5) and a debt‑to‑equity ratio above 2.5x, which could make some investors more nervous in risk‑off periods, even though cash generation is strong and interest coverage remains solid. ^[42]

9. Risks and final thoughts

Before trading RELX on 17 November 2025, it’s worth keeping the main risk considerations in mind, several of which RELX itself highlights in its regulatory disclosures: ^[43]

Regulation and data privacy: changes in rules governing data collection, AI and privacy could affect core products.
Technology and competition: rapid advances in AI, or new competitors in analytics and decision tools, could pressure pricing or margins.
Cyclicality in Exhibitions: while improved, the events business still has exposure to economic cycles, travel patterns and unforeseen disruptions.
Leverage: higher debt amplifies both upside and downside in stressed market conditions.
Valuation risk: even after the recent pull‑back, RELX trades at a premium to the wider UK market, so any slowdown in growth or negative news can hit the share price disproportionately hard. ^[44]

At the same time, RELX enters Monday’s trade as:

A large, global, cash‑generative FTSE 100 leader,
Delivering mid‑single‑digit to high‑single‑digit underlying revenue growth,
With expanding AI‑powered product lines,
And a consistent record of dividends and share buybacks. ^[45]

For investors watching the opening prints on 17 November 2025, the tension is between that solid fundamental backdrop and a share price that has broken lower with increasingly negative short‑term technical signals.

Disclaimer: This article is for information and news purposes only and does not constitute investment advice, a recommendation to buy or sell any security, or a substitute for independent financial judgement. Always do your own research or consult a qualified adviser before making investment decisions.

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