Pearson plc (PSON) Given “Overweight” Rating at Morgan Stanley
Morgan Stanley reiterated their overweight rating on shares of Pearson plc (LON:PSON) in a research report sent to investors on Tuesday morning. The brokerage currently has a GBX 1,050 ($13.71) target price on the stock.
Several other research firms also recently commented on PSON. Liberum Capital restated a sell rating and issued a GBX 435 ($5.68) price target on shares of Pearson plc in a research note on Thursday, July 14th. Shore Capital reaffirmed a hold rating on shares of Pearson plc in a research report on Monday, June 20th. Macquarie reaffirmed an outperform rating and set a GBX 1,025 ($13.38) price objective on shares of Pearson plc in a research report on Monday, August 1st. BNP Paribas reaffirmed an outperform rating and set a GBX 1,000 ($13.05) price objective on shares of Pearson plc in a research report on Monday, June 20th. Finally, Kepler Capital Markets reaffirmed a buy rating and set a GBX 975 ($12.73) price objective on shares of Pearson plc in a research report on Wednesday, July 27th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 915.14 ($11.95).
Pearson plc (LON:PSON) traded down 0.44% on Tuesday, hitting GBX 799.00. The stock had a trading volume of 2,651,793 shares. The stock’s market cap is GBX 6.51 billion. Pearson plc has a 12 month low of GBX 644.50 and a 12 month 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 business also recently disclosed a dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 18th were issued a dividend of GBX 18 ($0.23) per share. This represents a yield of 2.04%. The ex-dividend date was Thursday, August 18th.
In other Pearson plc news, insider Vivienne Cox purchased 289 shares of Pearson plc stock in a transaction dated Friday, September 30th. The shares were bought at an average cost 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 dated 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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