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Pearson Advances Share Buyback with Latest Acquisition

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Pearson Advances Share Buyback with Latest Acquisition

Meet Your ETF AI Analyst

The latest update is out from Pearson ( (GB:PSON) ).

Pearson PLC announced the purchase of 398,797 ordinary shares as part of its £350 million share buyback program, with the shares being acquired at an average price of 1,065.25 pence. This transaction, executed through Citigroup Global Markets Limited, forms part of the second tranche of the buyback initiative, indicating Pearson’s strategy to enhance shareholder value and optimize its capital structure.

The most recent analyst rating on (GB:PSON) stock is a Buy with a £1187.00 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 a stable financial outlook with strong cash flow and profitability metrics. The company’s strategic initiatives and growth in key segments are promising, despite challenges in revenue growth and specific business areas. Technical analysis and valuation suggest a fair market position, with potential for future growth driven by strategic execution and innovation.

To see Spark’s full report on GB:PSON stock, click here.

More about Pearson

Pearson PLC operates in the education industry, focusing on educational products and services, including digital learning solutions and educational content. The company targets a global market, providing resources for learners, educators, and institutions.

Average Trading Volume: 1,738,806

Technical Sentiment Signal: Buy

Current Market Cap: £6.75B

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

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