Pearson Advances Share Buyback Program with Latest Purchase

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

Pearson plc has announced the purchase of 665,200 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, forms part of the first £175 million tranche of the buyback initiative, reflecting 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 strong financial performance and positive earnings call sentiment, highlighting strategic growth initiatives and partnerships. Technical analysis shows a bearish trend, but valuation metrics are fair. The share buyback program indicates confidence in financial health, potentially boosting future earnings per share.

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

More about Pearson

Average Trading Volume: 2,082,978

Technical Sentiment Signal: Buy

Current Market Cap: £7.07B

See more insights into PSON stock on TipRanks’ Stock Analysis page.