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Pearson ( (GB:PSON) ) has shared an update.
Pearson plc has announced the purchase of 101,700 of its ordinary shares on the London Stock Exchange, as part of the second £175 million tranche of its £350 million buyback programme. This move is part of Pearson’s ongoing strategy to enhance shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating 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 stable financial performance with strong cash flow and profitability, though revenue growth remains a challenge. The technical outlook is neutral, and the valuation is fair. Positive sentiment from the earnings call and the strategic share buyback program contribute positively to the score.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Average Trading Volume: 2,013,231
Technical Sentiment Signal: Hold
Current Market Cap: £6.89B
Find detailed analytics on PSON stock on TipRanks’ Stock Analysis page.