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An announcement from Pearson ( (GB:PSON) ) is now available.
Pearson PLC announced the purchase of 336,206 of its ordinary shares on the London Stock Exchange as part of its £350 million share buyback program. This move, involving a tranche worth £175 million, aims to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and signaling 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 overall stock score of 70 reflects strong financial performance and positive earnings call outlook. However, technical analysis indicates bearish sentiment, and challenges in revenue growth remain a concern.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Pearson PLC is a global leader in the education sector, primarily offering educational materials, technologies, and services to schools, colleges, and universities worldwide. The company focuses on providing innovative learning solutions and is a significant player in the digital education market.
Average Trading Volume: 2,111,226
Technical Sentiment Signal: Buy
Current Market Cap: £7.04B
Find detailed analytics on PSON stock on TipRanks’ Stock Analysis page.