Pearson plc (LON:PSON)‘s stock had its “sell” rating restated by analysts at Numis Securities Ltd in a note issued to investors on Monday. They currently have a GBX 710 ($8.79) price target on the stock. Numis Securities Ltd’s target price points to a potential downside of 5.41% from the stock’s current price.
PSON has been the subject of several other research reports. BNP Paribas downgraded Pearson plc to a “neutral” rating and decreased their price objective for the company from GBX 1,000 ($12.38) to GBX 900 ($11.14) in a report on Thursday, September 22nd. Liberum Capital restated a “sell” rating and set a GBX 470 ($5.82) price objective on shares of Pearson plc in a report on Tuesday, September 20th. Deutsche Bank AG restated a “sell” rating and set a GBX 770 ($9.53) price objective on shares of Pearson plc in a report on Tuesday, September 13th. Barclays PLC restated an “equal weight” rating and set a GBX 920 ($11.39) price objective on shares of Pearson plc in a report on Thursday, September 8th. Finally, Morgan Stanley restated an “overweight” rating and set a GBX 1,050 ($13.00) price objective on shares of Pearson plc in a report on Tuesday, October 4th. 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. Pearson plc presently has an average rating of “Hold” and an average price target of GBX 915.14 ($11.33).
Shares of Pearson plc (LON:PSON) opened at 742.00 on Monday. The firm’s 50-day moving average price is GBX 806.61 and its 200 day moving average price is GBX 852.93. The firm’s market cap is GBX 6.05 billion. Pearson plc has a one year low of GBX 644.50 and a one year high of GBX 1,197.00.
In other news, insider Melinda Wolfe sold 25,746 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of GBX 759 ($9.39), for a total transaction of £195,412.14 ($241,846.71). Also, insider Vivienne Cox acquired 289 shares of Pearson plc stock in a transaction dated Friday, September 30th. The shares were purchased at an average price of GBX 737 ($9.12) per share, for a total transaction of £2,129.93 ($2,636.05).
Pearson plc Company Profile
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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