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Pearson ( (GB:PSON) ) has shared an announcement.
Pearson PLC announced the purchase of 165,881 of its ordinary shares on the London Stock Exchange as part of its £350 million 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 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 overall stock score reflects strong financial performance and strategic initiatives, particularly its share buyback program and earnings call guidance. However, concerns about revenue growth and technical analysis indicators temper the outlook.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Pearson PLC is a global leader in the education industry, providing a wide range of educational products and services. The company focuses on delivering educational content, assessment, and digital services to learners and educators worldwide.
Average Trading Volume: 2,029,369
Technical Sentiment Signal: Buy
Current Market Cap: £6.91B
See more data about PSON stock on TipRanks’ Stock Analysis page.