Pearson Cancels Shares After Fresh Buyback as £350m Programme Progresses

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

Pearson has repurchased 321,829 ordinary shares on the London Stock Exchange at an average price of 889.17 pence per share, with prices ranging from 881.00 pence to 904.00 pence. The shares, bought through Citigroup Global Markets, will be cancelled, reducing the company’s share count.

The transaction is part of the first £175 million tranche of Pearson’s previously announced £350 million share buyback programme. The move underscores the group’s ongoing capital-return strategy and may enhance earnings per share, signalling confidence in its financial position to shareholders and the wider market.

The most recent analyst rating on (GB:PSON) stock is a Hold with a £966.00 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 U.K.-listed education and publishing group that focuses on learning materials, digital education platforms and assessment services. Its shares trade on the London Stock Exchange, where it is a constituent of the broader European education and media sector followed closely by institutional and retail investors.

Average Trading Volume: 2,118,907

Technical Sentiment Signal: Hold

Current Market Cap: £5.63B

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