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Pearson ( (GB:PSON) ) has shared an announcement.
Pearson plc has announced the purchase of 264,581 of its ordinary shares on the London Stock Exchange, as part of its £350 million share buyback program, with this transaction being a part of the first £175 million tranche. The shares, purchased at an average price of 1,079.16 pence, will be canceled, reflecting Pearson’s strategy to enhance shareholder value and optimize its capital structure.
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 strong earnings call highlights, including profit growth and strategic partnerships, offset by technical weaknesses indicating potential oversold conditions. The company’s valuation remains fair, supported by robust financial performance despite revenue challenges.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Average Trading Volume: 2,088,594
Technical Sentiment Signal: Buy
Current Market Cap: £7.04B
For an in-depth examination of PSON stock, go to TipRanks’ Overview page.