Pearson PLC Advances Share Buyback Program with Recent Purchase

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

Pearson PLC has announced the purchase of 176,322 of its own ordinary 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 expected to strengthen the company’s financial position by reducing the number of outstanding shares, potentially increasing shareholder value.

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 Neutral.

Pearson scores a 69, reflecting strong financial and strategic initiatives, tempered by technical challenges and revenue growth stagnation. Positive earnings guidance, strategic partnerships, and a robust share buyback program support the score, despite bearish technical indicators.

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, primarily offering educational materials, technologies, and assessments. The company focuses on providing innovative learning solutions and services to a global market, aiming to enhance educational outcomes and accessibility.

Average Trading Volume: 2,091,874

Technical Sentiment Signal: Buy

Current Market Cap: £7.12B

Find detailed analytics on PSON stock on TipRanks’ Stock Analysis page.