Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Pearson ( (GB:PSON) ) just unveiled an announcement.
Pearson plc has announced the purchase of 298,600 of its ordinary shares on the London Stock Exchange as part of its ongoing £350 million buyback program. This transaction, executed through Citigroup Global Markets Limited, represents the second £175 million tranche of the buyback initiative, and the purchased shares will be canceled, potentially enhancing shareholder value and signaling confidence in the company’s financial health.
The most recent analyst rating on (GB:PSON) stock is a Buy with a £1162.00 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 strong financial performance and strategic growth initiatives, particularly in Higher Education and Enterprise Learning. While technical indicators suggest caution, the company’s solid cash flow and reasonable valuation provide a stable investment outlook. The earnings call reinforced confidence in future growth, despite some operational challenges.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Average Trading Volume: 1,833,175
Technical Sentiment Signal: Hold
Current Market Cap: £6.94B
For detailed information about PSON stock, go to TipRanks’ Stock Analysis page.