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The latest update is out from Pearson ( (GB:PSON) ).
Pearson plc has repurchased 218,163 of its ordinary 25 pence shares on the London Stock Exchange at an average price of 969.03 pence per share, with prices ranging between 963.00 pence and 976.20 pence. The company will cancel the repurchased shares, which form part of the first £175 million tranche of its previously announced £350 million share buyback programme, signalling continued efforts to return capital to shareholders and reduce its share count, potentially enhancing earnings per share and supporting the stock in the market.
The most recent analyst rating on (GB:PSON) stock is a Hold with a £1000.00 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 and publishing company that provides textbooks, digital learning platforms, assessments and related services to schools, higher education institutions and professional learners worldwide, with its shares listed on the London Stock Exchange.
Average Trading Volume: 2,026,212
Technical Sentiment Signal: Hold
Current Market Cap: £6.09B
Learn more about PSON stock on TipRanks’ Stock Analysis page.