tiprankstipranks
Advertisement
Advertisement

Pearson Cancels 227,609 Shares in Latest Phase of £350m Buyback

Story Highlights
  • Pearson repurchased and will cancel 227,609 shares at an average 928.20p, trimming its share count.
  • The buyback forms part of a £350m capital return programme, signaling confidence in Pearson’s outlook.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pearson Cancels 227,609 Shares in Latest Phase of £350m Buyback

Meet Samuel – Your Personal Investing Prophet

An announcement from Pearson ( (GB:PSON) ) is now available.

Pearson has repurchased 227,609 of its 25 pence ordinary shares on the London Stock Exchange at an average price of 928.20 pence, with prices ranging between 921.80 pence and 937.00 pence per share. The company plans to cancel these shares, reducing its share count and potentially enhancing earnings per share for remaining investors.

The transaction is part of the first £175 million tranche of Pearson’s previously announced £350 million share buyback programme being executed via Citigroup Global Markets. The continued execution of the buyback underlines management’s focus on returning capital to shareholders and signals confidence in the company’s financial position and long‑term strategy.

The most recent analyst rating on (GB:PSON) stock is a Buy with a £13.00 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 corporate events, such as share buybacks and board changes, bolster investor confidence. However, technical indicators suggest a bearish trend, and revenue growth challenges persist.

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

More about Pearson

Pearson plc is a UK‑listed education company that provides learning materials, digital services and assessments to schools, higher education institutions and corporations worldwide. The group is positioned as a major player in educational publishing and testing, with its shares traded on the London Stock Exchange and included in key UK equity indices.

Average Trading Volume: 2,229,403

Technical Sentiment Signal: Hold

Current Market Cap: £5.85B

For a thorough assessment of PSON stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1