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Pearson ( (GB:PSON) ) has shared an announcement.
Pearson plc has executed a share buyback transaction, purchasing 217,417 of its ordinary shares on the London Stock Exchange as part of its £350 million share buyback program. This move, involving the cancellation of purchased shares, is part of the first £175 million tranche, potentially enhancing shareholder value and indicating confidence in the company’s financial health.
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’s strong earnings call and positive financial performance are offset by technical weakness and moderate valuation, resulting in a balanced outlook.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Average Trading Volume: 2,126,254
Technical Sentiment Signal: Hold
Current Market Cap: £6.99B
Find detailed analytics on PSON stock on TipRanks’ Stock Analysis page.