Pearson Executes Share Buyback as Part of £350 Million Program

Pearson ( (GB:PSON) ) just unveiled an announcement.

Pearson plc has executed a share buyback transaction, purchasing 698,511 of its ordinary shares on the London Stock Exchange as part of its £350 million share buyback program. This transaction, managed by Morgan Stanley & Co. International plc, is part of the first £175 million tranche, and the purchased shares will be canceled, potentially enhancing shareholder value by reducing the number of shares outstanding.

The most recent analyst rating on (GB:PSON) stock is a Hold with a £10.55 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 demonstrates strong financial performance and strategic growth initiatives, bolstered by a positive earnings call and corporate events like the share buyback program. However, technical analysis shows bearish trends, and valuation metrics are moderate. The mixed picture suggests cautious optimism.

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

More about Pearson

Average Trading Volume: 2,068,316

Technical Sentiment Signal: Buy

Current Market Cap: £7.58B

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