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Pearson ( (GB:PSON) ) has shared an update.
Pearson plc, a leading global education company, announced the purchase of 163,091 of its ordinary shares as part of its ongoing £350 million share buyback program. This transaction, executed through Morgan Stanley & Co. International plc, forms part of the first £175 million tranche of the buyback initiative, aimed at enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:PSON) stock is a Hold with a £10.85 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 strong financial performance, positive earnings guidance, and strategic initiatives support a robust stock position, despite the bearish technical indicators and revenue growth challenges. The share buyback program further enhances shareholder value.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Average Trading Volume: 2,100,789
Technical Sentiment Signal: Buy
Current Market Cap: £6.93B
See more insights into PSON stock on TipRanks’ Stock Analysis page.