BNP Paribas cut shares of Pearson plc (LON:PSON) to a neutral rating in a research note issued to investors on Thursday. The brokerage currently has GBX 900 ($11.75) price target on the stock, down from their prior price target of GBX 1,000 ($13.05).
PSON has been the subject of a number of other research reports. Numis Securities Ltd downgraded shares of Pearson plc to a sell rating and set a GBX 710 ($9.27) target price for the company. in a research note on Friday, July 29th. Deutsche Bank AG reissued a sell rating and set a GBX 770 ($10.05) target price on shares of Pearson plc in a research note on Tuesday, September 13th. Goldman Sachs Group Inc. decreased their price target on shares of Pearson plc from GBX 865 ($11.29) to GBX 825 ($10.77) and set a sell rating for the company in a research note on Monday, August 8th. Barclays PLC reaffirmed an equal weight rating and issued a GBX 920 ($12.01) price target on shares of Pearson plc in a research note on Wednesday, August 31st. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 435 ($5.68) price target on shares of Pearson plc in a research note on Wednesday, June 15th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 923.24 ($12.05).
Shares of Pearson plc (LON:PSON) opened at 754.50 on Thursday. Pearson plc has a one year low of GBX 644.50 and a one year high of GBX 1,227.00. The company’s market capitalization is GBX 6.15 billion. The stock has a 50 day moving average of GBX 836.86 and a 200-day moving average of GBX 861.06.
The firm also recently declared 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.
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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