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Pearson Advances Share Buyback Program with Latest Purchase

Story Highlights
  • Pearson PLC is a global education company specializing in educational publishing and assessment.
  • Pearson purchased 143,398 shares as part of its £350 million buyback program to enhance shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pearson Advances Share Buyback Program with Latest Purchase

Confident Investing Starts Here:

An update from Pearson ( (GB:PSON) ) is now available.

Pearson PLC announced the purchase of 143,398 of its ordinary shares as part of its £350 million share buyback program, with this transaction being part of the first £175 million tranche. The buyback, executed through Morgan Stanley on the London Stock Exchange, reflects Pearson’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and investor relations.

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 robust financial health and strategic initiatives, such as AI integration and share buybacks, bolster its position despite technical weaknesses and revenue growth challenges. Positive earnings guidance and shareholder returns further support its outlook.

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

More about Pearson

Pearson PLC is a global education company that specializes in educational publishing and assessment services. The company focuses on providing educational materials, technologies, assessments, and related services to institutions, governments, and individual learners worldwide.

Average Trading Volume: 2,094,167

Technical Sentiment Signal: Hold

Current Market Cap: £6.79B

For detailed information about PSON stock, go to TipRanks’ Stock Analysis page.

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