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Pearson ( (GB:PSON) ) has issued an announcement.
Pearson plc announced the purchase of 347,698 of its ordinary shares on the London Stock Exchange as part of its ongoing £350 million buyback programme. This transaction, executed through Citigroup Global Markets Limited, forms part of the second £175 million tranche of the buyback plan, with the purchased shares set to be canceled, potentially enhancing shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:PSON) stock is a Buy with a £1187.00 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 stable financial outlook with strong cash flow and profitability metrics. The company’s strategic initiatives and growth in key segments are promising, despite challenges in revenue growth and specific business areas. Technical analysis and valuation suggest a fair market position, with potential for future growth driven by strategic execution and innovation.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Average Trading Volume: 1,783,228
Technical Sentiment Signal: Buy
Current Market Cap: £6.71B
See more data about PSON stock on TipRanks’ Stock Analysis page.