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Pearson ( (GB:PSON) ) just unveiled an update.
Pearson plc has announced the purchase of 167,400 of its ordinary shares on the London Stock Exchange as part of its ongoing £350 million share buyback program. This transaction, executed through Citigroup Global Markets Limited, forms part of the second £175 million tranche of the buyback initiative, aiming to enhance 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 strong financial performance and strategic initiatives support a positive outlook, despite challenges in revenue growth. The ongoing share buyback program and fair valuation further bolster shareholder confidence. Technical indicators suggest caution, but overall, the stock presents a balanced investment opportunity with a focus on income and strategic growth.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Average Trading Volume: 1,957,070
Technical Sentiment Signal: Hold
Current Market Cap: £6.8B
For detailed information about PSON stock, go to TipRanks’ Stock Analysis page.