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Pearson ( (GB:PSON) ) has provided an announcement.
Pearson PLC announced the purchase of 162,462 of its ordinary shares on the London Stock Exchange as part of its ongoing £350 million share 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 commitment to returning value to shareholders and optimizing its capital structure.
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 a stable financial performance with strong cash flow and profitability. The technical indicators suggest a neutral trend, while the valuation is fair. Positive sentiment from the earnings call and strategic corporate events like the share buyback program further support the stock’s 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, providing educational materials, technologies, assessments, and related services to schools, universities, and students globally. The company focuses on leveraging digital platforms to enhance learning experiences and outcomes.
Average Trading Volume: 1,976,219
Technical Sentiment Signal: Hold
Current Market Cap: £6.8B
See more insights into PSON stock on TipRanks’ Stock Analysis page.