Pearson PLC Advances Share Buyback Program with Latest Purchase

Pearson ( (GB:PSON) ) has issued an announcement.

Pearson PLC has executed a share buyback transaction, purchasing 2,443 of its ordinary shares on the London Stock Exchange as part of its £350 million share buyback program. This transaction is part of the first £175 million tranche, aimed at enhancing shareholder value by reducing the number of outstanding shares, which may positively impact the company’s stock price and earnings per share.

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 stability with solid cash flow and profitability, supported by strategic partnerships and initiatives like AI integration. Despite challenges in revenue growth, the company maintains a reasonable valuation and offers shareholder-enhancing actions such as share buybacks. Technical indicators suggest short-term pressures, but the long-term outlook is positive.

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

More about Pearson

Pearson PLC operates in the education sector, providing a range of educational products and services. The company focuses on delivering digital learning solutions and educational content, catering to a global market.

Average Trading Volume: 2,007,489

Technical Sentiment Signal: Buy

Current Market Cap: £7.84B

For an in-depth examination of PSON stock, go to TipRanks’ Stock Analysis page.