Pearson Advances Share Buyback Program with Latest Purchase

Pearson ( (GB:PSON) ) has shared an announcement.

Pearson plc has announced the purchase of 63,590 of its ordinary shares on the London Stock Exchange as part of its £350 million share buyback program. This transaction, executed by Morgan Stanley & Co. International plc, is part of the first £175 million tranche and signifies Pearson’s commitment to enhancing shareholder value through strategic financial maneuvers.

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 position with strong cash flow and profitability, bolstered by strategic initiatives and partnerships. The company faces challenges in revenue growth, but proactive corporate actions like share buybacks enhance shareholder value. While technical indicators suggest short-term pressures, the long-term outlook remains positive.

To see Spark’s full report on GB:PSON stock, click here.

More about Pearson

Average Trading Volume: 1,892,030

Technical Sentiment Signal: Buy

Current Market Cap: £7.71B

See more data about PSON stock on TipRanks’ Stock Analysis page.