Pearson plc (LON:PSON) had its price target lowered by Barclays PLC from GBX 920 ($12.01) to GBX 750 ($9.79) in a research report released on Monday. The firm currently has an equal weight rating on the stock.
Several other equities research analysts have also issued reports on PSON. Numis Securities Ltd lowered shares of Pearson plc to a sell rating and set a GBX 710 ($9.27) target price for the company. in a research report on Friday, July 29th. Shore Capital reiterated a hold rating on shares of Pearson plc in a research report on Friday, July 29th. Liberum Capital reiterated a sell rating and set a GBX 435 ($5.68) target price on shares of Pearson plc in a research report on Thursday, July 14th. Morgan Stanley upgraded shares of Pearson plc to an overweight rating and lifted their target price for the company from GBX 925 ($12.07) to GBX 1,050 ($13.71) in a research report on Tuesday, July 12th. Finally, Kepler Capital Markets reiterated a buy rating and set a GBX 975 ($12.73) target price on shares of Pearson plc in a research report on Wednesday, July 27th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 915.14 ($11.95).
Shares of Pearson plc (LON:PSON) opened at 794.00 on Monday. The firm’s market capitalization is GBX 6.47 billion. The stock’s 50 day moving average is GBX 813.93 and its 200 day moving average is GBX 855.78. Pearson plc has a 52-week low of GBX 644.50 and a 52-week high of GBX 1,227.00.
The firm also recently announced a dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 18th were given a GBX 18 ($0.23) dividend. This represents a dividend yield of 2.04%. The ex-dividend date was Thursday, August 18th.
In related news, insider Melinda Wolfe sold 25,746 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of GBX 759 ($9.91), for a total value of £195,412.14 ($255,073.93). Also, insider Vivienne Cox purchased 289 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The stock was purchased at an average price of GBX 737 ($9.62) per share, for a total transaction of £2,129.93 ($2,780.22).
About Pearson plc
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
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