Pearson Advances Share Buyback Program with Recent Purchase

The latest update is out from Pearson ( (GB:PSON) ).

Pearson PLC announced the purchase of 405,420 ordinary shares as part of its £350 million share buyback program, with the shares acquired at an average price of 1,159.84 pence. This transaction is part of the first £175 million tranche of the buyback initiative, indicating Pearson’s strategic move to optimize its capital structure and potentially enhance shareholder value.

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 strong earnings call and strategic initiatives are the most significant factors positively influencing the score. While financial performance is stable, the concern of declining revenue growth and bearish technical indicators temper enthusiasm. The share buyback program enhances shareholder value and supports the overall positive outlook.

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

More about Pearson

Pearson PLC operates in the education industry, providing educational materials, technologies, assessments, and related services. The company focuses on delivering educational solutions to a global market, catering to schools, universities, and individual learners.

Average Trading Volume: 1,962,594

Technical Sentiment Signal: Buy

Current Market Cap: £7.59B

See more insights into PSON stock on TipRanks’ Stock Analysis page.