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Pearson ( (GB:PSON) ) just unveiled an announcement.
Pearson plc has repurchased 250,000 of its ordinary shares on the London Stock Exchange at an average price of 960.72 pence per share, with prices ranging between 947.60 pence and 969.40 pence. The company will cancel the shares, and the transaction forms part of the first £175 million tranche of Pearson’s £350 million share buyback programme, signalling an ongoing capital return to shareholders and a reduction in the company’s share count that may enhance earnings per share over time.
The most recent analyst rating on (GB:PSON) stock is a Hold with a £1024.00 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-based education company that provides textbooks, digital learning platforms, assessments and related services to schools, universities and professional learners worldwide, with a focus on educational content and technology-driven learning solutions.
Average Trading Volume: 2,032,084
Technical Sentiment Signal: Hold
Current Market Cap: £5.94B
For detailed information about PSON stock, go to TipRanks’ Stock Analysis page.