Pearson plc (PSON) Rating Reiterated by Jefferies Group
Pearson plc (LON:PSON)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research note issued on Tuesday. They currently have a GBX 880 ($10.89) target price on the stock. Jefferies Group’s target price indicates a potential upside of 8.31% from the company’s previous close.
Several other equities research analysts have also weighed in on the stock. Numis Securities Ltd lowered shares of Pearson plc to a “sell” rating and set a GBX 710 ($8.79) price objective on the stock. in a research note on Friday, July 29th. Deutsche Bank AG reiterated a “sell” rating and set a GBX 770 ($9.53) price objective on shares of Pearson plc in a research note on Tuesday, September 13th. BNP Paribas lowered shares of Pearson plc to a “neutral” rating and dropped their price objective for the stock from GBX 1,000 ($12.38) to GBX 900 ($11.14) in a research note on Thursday, September 22nd. Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Pearson plc in a research note on Tuesday, September 27th. Finally, Barclays PLC reiterated an “equal weight” rating and set a GBX 920 ($11.39) price objective on shares of Pearson plc in a research note on Wednesday, August 31st. Seven 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. The stock has a consensus rating of “Hold” and an average target price of GBX 915.14 ($11.33).
Shares of Pearson plc (LON:PSON) opened at 822.50 on Tuesday. Pearson plc has a 52 week low of GBX 644.50 and a 52 week high of GBX 1,227.00. The stock’s market cap is GBX 6.70 billion. The stock’s 50 day moving average price is GBX 810.42 and its 200 day moving average price is GBX 854.13.
The business also recently announced a dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 18th were given a GBX 18 ($0.22) dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 2.04%.
In related news, insider Vivienne Cox bought 289 shares of the business’s stock in a transaction on Friday, September 30th. The stock was bought at an average price of GBX 737 ($9.12) per share, for a total transaction of £2,129.93 ($2,636.05). Also, insider Melinda Wolfe sold 25,746 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of GBX 759 ($9.39), for a total transaction of £195,412.14 ($241,846.71).
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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