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Pearson ( (GB:PSON) ) just unveiled an announcement.
Pearson plc announced the purchase of 228,330 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 and reflects Pearson’s strategy to enhance shareholder value by reducing the number of shares in circulation.
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 is driven by its strong financial performance and strategic initiatives, including a robust share buyback program. While technical indicators are mixed, the company’s fair valuation and positive earnings call sentiment support a favorable outlook.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Average Trading Volume: 1,970,667
Technical Sentiment Signal: Hold
Current Market Cap: £6.8B
See more data about PSON stock on TipRanks’ Stock Analysis page.