Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Pearson ( (GB:PSON) ) just unveiled an update.
Pearson plc has announced the purchase of 152,881 of its ordinary shares on the London Stock Exchange as part of its £350 million buyback program. This transaction, executed through Citigroup Global Markets Limited, is part of the second £175 million tranche, with the company planning to cancel the acquired shares, potentially enhancing shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:PSON) stock is a Hold with a £10.85 price target. To see the full list of analyst forecasts on Pearson stock, see the GB:PSON Stock Forecast page.
Spark’s Take on GB:PSON Stock
According to Spark, TipRanks’ AI Analyst, GB:PSON is a Outperform.
Pearson’s stock score reflects solid financial performance and strategic growth initiatives. While revenue growth remains a concern, strong cash flow, shareholder returns, and strategic partnerships bolster prospects. Technical weaknesses and rising debt levels pose risks.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Average Trading Volume: 1,943,941
Technical Sentiment Signal: Hold
Current Market Cap: £6.78B
See more data about PSON stock on TipRanks’ Stock Analysis page.