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 note issued to investors on Tuesday. They currently have a GBX 770 ($9.38) target price on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 0.98% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Societe Generale reaffirmed a “buy” rating and issued a GBX 965 ($11.76) price target on shares of Pearson plc in a report on Wednesday, June 22nd. Kepler Capital Markets reaffirmed a “buy” rating and issued a GBX 975 ($11.88) price target on shares of Pearson plc in a report on Wednesday, July 27th. Beaufort Securities reaffirmed a “buy” rating on shares of Pearson plc in a report on Monday, August 1st. Jefferies Group reissued a “buy” rating and set a GBX 880 ($10.73) target price on shares of Pearson plc in a report on Tuesday, October 11th. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 870 ($10.60) target price on shares of Pearson plc in a report on Friday. Seven research analysts have rated the stock with a sell rating, seven have issued 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 910.62 ($11.10).
Shares of Pearson plc (LON:PSON) opened at 762.50 on Tuesday. The company’s 50-day moving average is GBX 800.40 and its 200-day moving average is GBX 851.38. Pearson plc has a 12-month low of GBX 644.50 and a 12-month high of GBX 1,196.28. The stock’s market cap is GBX 6.21 billion.
In related news, insider Vivienne Cox purchased 289 shares of Pearson plc stock in a transaction dated Friday, September 30th. The stock was acquired at an average cost of GBX 737 ($8.98) per share, with a total value of £2,129.93 ($2,595.89). 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 ($9.25), for a total transaction of £195,412.14 ($238,162.27).
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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