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Pearson ( (GB:PSON) ) just unveiled an announcement.
Pearson PLC has announced the purchase of 203,098 of its own shares on the London Stock Exchange as part of its £350 million share buyback program. This move, which is part of the first £175 million tranche, is aimed at enhancing shareholder value and reflects the company’s confidence in its financial position and future prospects.
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 is driven by strong earnings call performance and strategic initiatives, tempered by bearish technical indicators and concerns over declining revenue growth. The share buyback program and reasonable valuation provide additional support.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Pearson PLC is a global leader in the education industry, providing a wide range of educational products and services. The company focuses on delivering educational content, assessment, and digital services to learners and educators worldwide.
Average Trading Volume: 2,090,562
Technical Sentiment Signal: Hold
Current Market Cap: £6.86B
For detailed information about PSON stock, go to TipRanks’ Stock Analysis page.