Pearson Advances Share Buyback Program with Latest Purchase

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

Pearson PLC announced the purchase of 219,469 of its ordinary shares on the London Stock Exchange as part of its £350 million share buyback program. This move, which is part of the first £175 million tranche, aims to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and improving market confidence.

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 a strong earnings call and strategic initiatives, such as partnerships and buybacks, which enhance shareholder value. Financial performance is stable, though revenue growth remains a challenge. Technical indicators and valuation are neutral but do not detract significantly from the overall positive outlook.

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

More about Pearson

Pearson PLC is a leading company in the education industry, primarily offering educational products and services. It focuses on providing learning materials, technologies, and assessments to educational institutions and learners globally.

Average Trading Volume: 1,981,950

Technical Sentiment Signal: Buy

Current Market Cap: £7.91B

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