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Pearson ( (GB:PSON) ) has shared an update.
Pearson PLC has executed a purchase of 184,907 of its ordinary shares on the London Stock Exchange as part of its £350 million share buyback program, with the current tranche valued at £175 million. This strategic move is aimed at enhancing shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and strengthening the company’s market position.
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 strong earnings call and strategic initiatives are significant positives, supported by stable financial fundamentals. However, technical indicators suggest bearish momentum, which tempers the overall outlook.
To see Spark’s full report on GB:PSON stock, click here.
More about Pearson
Pearson PLC is a prominent player in the education industry, offering a wide range of educational products and services. The company focuses on providing educational materials, technologies, assessments, and related services to schools, colleges, and individuals globally.
Average Trading Volume: 2,091,023
Technical Sentiment Signal: Hold
Current Market Cap: £6.79B
For a thorough assessment of PSON stock, go to TipRanks’ Stock Analysis page.