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Pearson ( (GB:PSON) ) has issued an update.
Pearson plc announced the purchase of 137,514 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 of the buyback, aiming to enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:PSON) stock is a Buy with a £1196.00 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 outlook with strong cash flow and profitability metrics, bolstered by positive strategic direction and growth potential highlighted in the earnings call. While technical indicators and valuation suggest a fair market position, challenges in revenue growth and external headwinds are notable risks.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Average Trading Volume: 1,968,987
Technical Sentiment Signal: Buy
Current Market Cap: £7.03B
For a thorough assessment of PSON stock, go to TipRanks’ Stock Analysis page.