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The latest announcement is out from Pearson ( (GB:PSON) ).
Pearson PLC announced the purchase of 173,950 of its ordinary shares as part of a £350 million buyback program, with the recent tranche amounting to £175 million. This strategic move is aimed at enhancing shareholder value and reflects the company’s confidence in its financial health and future prospects.
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 Neutral.
Pearson’s strong financial performance and positive earnings call, with strategic growth initiatives, support its stock score. However, technical analysis indicates bearish momentum, and stagnant revenue growth poses challenges. The valuation is moderate, reflecting cautious market sentiment.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Pearson PLC is a global education company, primarily focusing on providing educational materials, technologies, assessments, and related services. It operates in the education industry, serving schools, universities, and individual learners worldwide.
Average Trading Volume: 1,919,889
Technical Sentiment Signal: Hold
Current Market Cap: £6.79B
For a thorough assessment of PSON stock, go to TipRanks’ Stock Analysis page.