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Pearson ( (GB:PSON) ) has shared an update.
Pearson PLC has announced the purchase of 180,080 of its ordinary shares on the London Stock Exchange as part of its ongoing £350 million share buyback program. This move, executed through Citigroup Global Markets Limited, is part of the second £175 million tranche, aimed at enhancing shareholder value by reducing the number of outstanding shares, potentially increasing the value of remaining shares and signaling confidence in the company’s financial health.
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 Neutral.
Pearson’s overall stock score is driven by a stable financial outlook with robust cash flow and profitability metrics. Positive sentiment from the earnings call and shareholder-focused corporate events bolster the score. However, technical indicators suggest caution due to potential downside risks, and the lack of revenue growth remains a significant challenge.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Pearson PLC is a leading company in the education sector, primarily offering educational materials, technologies, and services. The company focuses on providing innovative solutions to enhance learning experiences and outcomes globally.
Average Trading Volume: 1,930,687
Technical Sentiment Signal: Hold
Current Market Cap: £6.79B
For detailed information about PSON stock, go to TipRanks’ Stock Analysis page.