Pearson plc (LON:PSON) Given Average Recommendation of “Hold” by Analysts
Shares of Pearson plc (LON:PSON) have received an average rating of “Hold” from the twenty-four analysts that are currently covering the company. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 919.65 ($12.00).
PSON has been the subject of several recent research reports. Panmure Gordon restated a “buy” rating and issued a GBX 870 ($11.36) price target on shares of Pearson plc in a research note on Wednesday, June 15th. Societe Generale restated a “buy” rating and issued a GBX 965 ($12.60) price target on shares of Pearson plc in a research note on Wednesday, June 22nd. Kepler Capital Markets restated a “buy” rating and issued a GBX 975 ($12.73) price target on shares of Pearson plc in a research note on Wednesday, July 27th. Beaufort Securities restated a “buy” rating on shares of Pearson plc in a research note on Monday, August 1st. Finally, Morgan Stanley restated an “equal weight” rating and issued a GBX 925 ($12.07) price target on shares of Pearson plc in a research note on Wednesday, June 15th.
Pearson plc (LON:PSON) opened at 802.50 on Friday. The firm’s market capitalization is GBX 6.54 billion. Pearson plc has a 1-year low of GBX 644.50 and a 1-year high of GBX 1,227.00. The firm’s 50-day moving average price is GBX 819.31 and its 200 day moving average price is GBX 856.91.
The company also recently announced a dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 18th were issued a GBX 18 ($0.23) dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 2.04%.
In other Pearson plc news, insider Melinda Wolfe sold 25,746 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was 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 bought 289 shares of the stock in a transaction on Friday, September 30th. The stock was purchased at an average cost of GBX 737 ($9.62) per share, with a total value of £2,129.93 ($2,780.22).
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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