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The latest announcement is out from Pearson ( (GB:PSON) ).
Pearson PLC has announced the purchase of 161,115 of its ordinary shares on the London Stock Exchange as part of its ongoing £350 million buyback program. This transaction, executed through Citigroup Global Markets Limited, is part of the second £175 million tranche of the buyback initiative, reflecting Pearson’s strategy to enhance shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:PSON) stock is a Hold with a £10.55 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 overall stock score reflects strong financial performance and positive earnings call sentiment, offset by concerns about revenue growth and technical indicators showing neutral momentum. The valuation is fair, supporting a stable outlook.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Pearson PLC is a major player in the education industry, primarily offering educational materials, technologies, and services. The company focuses on providing resources for learners and educators worldwide, positioning itself as a leader in the global education market.
Average Trading Volume: 2,013,231
Technical Sentiment Signal: Hold
Current Market Cap: £6.89B
See more insights into PSON stock on TipRanks’ Stock Analysis page.