Pearson Advances Shareholder Value with Share Buyback

Pearson ( (GB:PSON) ) has shared an announcement.

Pearson PLC has executed a buyback of 210,721 ordinary shares as part of its £350 million share buyback program, with the shares purchased on the London Stock Exchange at an average price of 1,091.87 pence. This move is part of the first £175 million tranche of the program, indicating 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 strong financial position, supported by positive earnings call insights and strategic corporate actions like share buybacks, contribute significantly to its overall score. However, technical analysis reveals bearish trends that temper the stock’s attractiveness.

To see Spark’s full report on GB:PSON stock, click here.

More about Pearson

Pearson PLC operates in the education sector, providing educational materials, technologies, assessments, and services to institutions, governments, and individual learners. The company focuses on improving learning outcomes and expanding its digital offerings to meet the evolving needs of the educational market.

Average Trading Volume: 2,083,514

Technical Sentiment Signal: Buy

Current Market Cap: £7.12B

See more data about PSON stock on TipRanks’ Stock Analysis page.