Pearson Advances Share Buyback Program with Recent Share Purchase

Pearson ( (GB:PSON) ) has issued an update.

Pearson PLC announced the purchase of 97,926 of its ordinary shares as part of its £350 million share buyback program. This transaction, conducted through Morgan Stanley & Co. International plc, is part of the first £175 million tranche, aiming to enhance shareholder value by reducing the number of outstanding shares.

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 demonstrates strong financial stability with solid cash flow and profitability, supported by strategic partnerships and initiatives like AI integration. Despite challenges in revenue growth, the company maintains a reasonable valuation and offers shareholder-enhancing actions such as share buybacks. Technical indicators suggest short-term pressures, but the long-term outlook is positive.

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 services to schools, colleges, and universities worldwide. The company focuses on enhancing learning experiences and outcomes through innovative solutions and digital platforms.

Average Trading Volume: 1,979,327

Technical Sentiment Signal: Buy

Current Market Cap: £7.84B

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