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Pearson ( (GB:PSON) ) has issued an update.
Pearson PLC has announced the commencement of the second and final tranche of its £350 million share buyback program, with Citigroup Global Markets Limited managing this phase. The program aims to reduce the company’s capital by repurchasing and canceling ordinary shares, reflecting Pearson’s strategic focus on optimizing its capital structure.
The most recent analyst rating on (GB:PSON) stock is a Hold with a £10.85 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 financial performance, positive earnings guidance, and strategic initiatives support a robust stock position, despite the bearish technical indicators and revenue growth challenges. The share buyback program further enhances shareholder value.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Pearson PLC operates in the education industry, providing educational materials, technologies, assessments, and services to institutions, educators, and learners worldwide. The company focuses on delivering innovative learning solutions and is a significant player in the global education market.
Average Trading Volume: 2,105,670
Technical Sentiment Signal: Buy
Current Market Cap: £6.93B
See more data about PSON stock on TipRanks’ Stock Analysis page.