Deutsche Bank AG Reiterates Sell Rating for Pearson plc (PSON)
Pearson plc (LON:PSON)‘s stock had its “sell” rating reissued by equities researchers at Deutsche Bank AG in a research report issued on Wednesday. They presently have a GBX 770 ($9.53) price objective on the stock. Deutsche Bank AG’s price objective indicates a potential downside of 5.75% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Jefferies Group reissued a “buy” rating and issued a GBX 880 ($10.89) target price on shares of Pearson plc in a research note on Tuesday. Kepler Capital Markets restated a “buy” rating and issued a GBX 975 ($12.07) price target on shares of Pearson plc in a research report on Wednesday, July 27th. Beaufort Securities restated a “buy” rating on shares of Pearson plc in a research report on Monday, August 1st. Goldman Sachs Group Inc. reduced their price target on Pearson plc from GBX 865 ($10.71) to GBX 825 ($10.21) and set a “sell” rating on the stock in a research report on Monday, August 8th. Finally, Shore Capital restated a “hold” rating on shares of Pearson plc in a research report on Monday, June 20th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. Pearson plc presently has a consensus rating of “Hold” and an average price target of GBX 915.14 ($11.33).
Shares of Pearson plc (LON:PSON) opened at 811.57 on Wednesday. The stock has a 50 day moving average price of GBX 810.59 and a 200 day moving average price of GBX 853.66. The firm’s market cap is GBX 6.61 billion. Pearson plc has a one year low of GBX 644.50 and a one year high of GBX 1,208.00.
The business also recently disclosed a dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 18th were given a dividend of GBX 18 ($0.22) per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 2.04%.
In related news, insider Vivienne Cox acquired 289 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were 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 shares were sold at an average price of GBX 759 ($9.39), for a total transaction of £195,412.14 ($241,846.71).
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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