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The latest announcement is out from Pearson ( (GB:PSON) ).
Pearson plc has executed a share buyback, purchasing 159,000 of its ordinary shares on the London Stock Exchange at an average price of 1,051.72 pence per share. This transaction is part of the company’s ongoing £350 million buyback program, specifically the second £175 million tranche, and the purchased shares will be canceled. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
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 is driven by solid financial performance and a positive earnings outlook. However, technical indicators show bearish trends, and valuation metrics are average. The share buyback program adds a positive aspect to its financial strategy, enhancing shareholder value.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Average Trading Volume: 1,875,252
Technical Sentiment Signal: Hold
Current Market Cap: £6.77B
Find detailed analytics on PSON stock on TipRanks’ Stock Analysis page.