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Pearson ( (GB:PSON) ) has issued an announcement.
Pearson plc has announced the purchase of 291,551 of its ordinary shares on the London Stock Exchange as part of its £350 million share buyback program. This move is part of the first £175 million tranche, aiming to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and signaling confidence in the company’s financial health.
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 overall stock score reflects a balance of stable financial performance and positive earnings call insights, tempered by technical weaknesses. The share buyback program and fair valuation add positive elements, but challenges in revenue growth and weak technical indicators weigh on the score.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Pearson plc is a global education company that provides a range of educational products and services, including digital learning tools, assessments, and educational content. The company focuses on enhancing learning experiences and outcomes for students worldwide.
Average Trading Volume: 2,079,409
Technical Sentiment Signal: Buy
Current Market Cap: £7.12B
Learn more about PSON stock on TipRanks’ Stock Analysis page.