Pearson plc (PSON) Insider Melinda Wolfe Sells 25,746 Shares of Stock
Pearson plc (LON:PSON) insider Melinda Wolfe sold 25,746 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of GBX 759 ($9.91), for a total transaction of £195,412.14 ($255,073.93).
Shares of Pearson plc (LON:PSON) opened at 802.50 on Wednesday. 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 is GBX 819.31 and its 200-day moving average is GBX 856.91. The company’s market capitalization is GBX 6.54 billion.
The business also recently announced a dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 18th were paid a dividend of GBX 18 ($0.23) per share. This represents a dividend yield of 2.04%. The ex-dividend date was Thursday, August 18th.
A number of equities research analysts have recently issued reports on the stock. Barclays PLC upped their price objective on shares of Pearson plc from GBX 825 ($10.77) to GBX 920 ($12.01) and gave the company an “equal weight” rating in a research note on Monday, July 4th. Numis Securities Ltd cut shares of Pearson plc to a “sell” rating and set a GBX 710 ($9.27) price objective for the company. in a research note on Friday, July 29th. Shore Capital reissued a “hold” rating on shares of Pearson plc in a research report on Friday, July 29th. Liberum Capital reissued a “sell” rating and set a GBX 435 ($5.68) price target on shares of Pearson plc in a research report on Thursday, July 14th. Finally, Morgan Stanley raised shares of Pearson plc to an “overweight” rating and increased their price target for the company from GBX 925 ($12.07) to GBX 1,050 ($13.71) in a research report on Tuesday, July 12th. Seven equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 915.14 ($11.95).
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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