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Pearson ( (GB:PSON) ) has provided an announcement.
Pearson PLC announced the purchase of 349,280 of its ordinary shares on the London Stock Exchange as part of the second tranche of its £350 million buyback program. This move is part of a strategic effort to enhance shareholder value and optimize the company’s capital structure, indicating a strong financial position and commitment to returning capital to shareholders.
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 reflects a stable financial position with strong cash flow and profitability. The positive sentiment from the earnings call and strategic share buyback program bolster confidence. However, technical indicators suggest caution, and challenges in revenue growth need addressing.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Pearson PLC is a leading company in the education industry, primarily focusing on educational publishing and assessment services. The company is known for its comprehensive range of educational materials, digital learning tools, and assessment services targeted at schools, colleges, and professional training institutions worldwide.
Average Trading Volume: 2,015,964
Technical Sentiment Signal: Hold
Current Market Cap: £6.82B
See more insights into PSON stock on TipRanks’ Stock Analysis page.