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Pearson ( (GB:PSON) ) has shared an update.
Pearson PLC announced the purchase of 165,000 of its ordinary shares on the London Stock Exchange as part of its ongoing £350 million buyback program. This move, which is part of the second £175 million tranche, reflects 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 £10.85 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 strong earnings call and effective financial management are key strengths, bolstered by strategic partnerships and AI integration. However, weak technical indicators and revenue growth challenges slightly temper the positive outlook. The share buyback program further supports shareholder value.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Pearson PLC is a global leader in the education industry, providing educational materials, technologies, and services to schools, colleges, and universities. The company focuses on enhancing learning experiences and outcomes for students worldwide.
Average Trading Volume: 1,925,322
Technical Sentiment Signal: Hold
Current Market Cap: £6.81B
For a thorough assessment of PSON stock, go to TipRanks’ Stock Analysis page.