Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Pearson ( (GB:PSON) ) has issued an announcement.
Pearson PLC announced the purchase of 114,995 of its ordinary shares on the London Stock Exchange as part of its £350 million share buyback program, with the shares being bought at an average price of 1,081.83 pence. This move is part of the company’s strategy to enhance shareholder value and reflects its strong financial position, potentially impacting its market perception positively.
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 Neutral.
Pearson’s score is driven by strong financial performance and positive earnings call insights. However, technical weaknesses and revenue growth challenges hold back the overall score. The share buyback program provides a positive boost to investor sentiment.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Pearson PLC is a global leader in educational publishing and services, focusing on providing a wide range of learning materials and digital solutions to educational institutions and learners worldwide. The company is well-positioned in the education sector, offering products and services that cater to the evolving needs of the market.
Average Trading Volume: 2,142,358
Technical Sentiment Signal: Buy
Current Market Cap: £6.86B
See more insights into PSON stock on TipRanks’ Stock Analysis page.