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Pearson ( (GB:PSON) ) has provided an update.
Pearson PLC has announced the purchase of 233,469 of its 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, aims to enhance shareholder value by reducing the number of outstanding shares, potentially increasing the value of remaining shares 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 reflects its solid financial performance and positive corporate events, notably the share buyback program. However, technical analysis indicates bearish momentum, which is a concern. The optimistic earnings call and reasonable valuation contribute positively, but revenue growth challenges and technical weaknesses keep the score moderate.
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 range of educational products and services. The company focuses on delivering digital learning solutions, educational content, and assessment services to schools, higher education institutions, and professional learners worldwide.
Average Trading Volume: 2,080,706
Technical Sentiment Signal: Buy
Current Market Cap: £7.04B
For an in-depth examination of PSON stock, go to TipRanks’ Stock Analysis page.