Pearson plc (LON:PSON)‘s stock had its “overweight” rating restated by equities research analysts at Morgan Stanley in a report released on Tuesday. They currently have a GBX 1,050 ($13.71) price target on the stock. Morgan Stanley’s target price indicates a potential upside of 31.66% from the stock’s current price.
Several other equities research analysts also recently weighed in on PSON. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a GBX 800 ($10.44) target price on shares of Pearson plc in a research note on Monday, June 6th. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 770 ($10.05) target price on shares of Pearson plc in a research note on Monday, June 13th. Liberum Capital reaffirmed a “sell” rating and set a GBX 435 ($5.68) target price on shares of Pearson plc in a research note on Wednesday, June 15th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 870 ($11.36) target price on shares of Pearson plc in a research note on Wednesday, June 15th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a GBX 1,000 ($13.05) target price on shares of Pearson plc in a research note on Monday, June 20th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 915.14 ($11.95).
Shares of Pearson plc (LON:PSON) opened at 797.50 on Tuesday. The stock’s 50 day moving average is GBX 816.56 and its 200 day moving average is GBX 856.22. Pearson plc has a 1-year low of GBX 644.50 and a 1-year high of GBX 1,227.00. The firm’s market capitalization is GBX 6.50 billion.
The company also recently announced a dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 18th were paid a GBX 18 ($0.23) dividend. This represents a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, August 18th.
In other news, insider Vivienne Cox bought 289 shares of Pearson plc stock in a transaction dated Friday, September 30th. The stock was bought at an average price of GBX 737 ($9.62) per share, for a total transaction of £2,129.93 ($2,780.22). Also, insider Melinda Wolfe sold 25,746 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of GBX 759 ($9.91), for a total transaction of £195,412.14 ($255,073.93).
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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