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

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

Pearson plc has repurchased 114,747 of its ordinary shares on the London Stock Exchange at an average price of 920.60 pence per share, with prices ranging between 913.40 pence and 928.00 pence. The company plans to cancel these shares, thereby reducing its share count.

The transaction is part of the first £175 million tranche of Pearson’s £350 million share buyback programme, executed via Citigroup Global Markets. By shrinking its equity base through ongoing repurchases, Pearson is returning capital to shareholders and potentially enhancing earnings per share, underscoring management’s focus on capital discipline and shareholder returns.

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 U.K.-listed education and publishing group whose core business spans learning materials, assessment and related digital services. The company is a major player in global education markets, using its London Stock Exchange listing to access international capital and actively manage its shareholder base through programmes such as share buybacks.

Average Trading Volume: 2,198,165

Technical Sentiment Signal: Hold

Current Market Cap: £5.8B

Learn more about PSON stock on TipRanks’ Stock Analysis page.