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Pearson ( (GB:PSON) ) has provided an update.
Pearson PLC announced the purchase of 166,635 ordinary shares as part of its ongoing £350 million share buyback program. This transaction, executed through Citigroup Global Markets Limited on the London Stock Exchange, is part of the second £175 million tranche of the program. The buyback is expected to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and signaling confidence in the company’s financial health.
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
Pearson PLC is a major player in the global education industry, offering a range of educational products and services. The company focuses on providing learning materials, technologies, assessments, and services to educational institutions, corporations, and learners worldwide.
Average Trading Volume: 1,968,987
Technical Sentiment Signal: Buy
Current Market Cap: £7.03B
For an in-depth examination of PSON stock, go to TipRanks’ Overview page.