Pearson plc (PSON) Price Target Increased to GBX 955 by Analysts at JPMorgan Chase & Co.
Pearson plc (LON:PSON) had its target price lifted by JPMorgan Chase & Co. from GBX 940 ($11.46) to GBX 955 ($11.64) in a research note issued to investors on Tuesday morning. The brokerage currently has a neutral rating on the stock.
PSON has been the topic of a number of other research reports. BNP Paribas cut Pearson plc to a neutral rating and reduced their target price for the stock from GBX 1,000 ($12.19) to GBX 900 ($10.97) in a report on Thursday, September 22nd. Panmure Gordon restated a buy rating and set a GBX 870 ($10.60) target price on shares of Pearson plc in a report on Friday, October 14th. Liberum Capital restated a sell rating and set a GBX 470 ($5.73) target price on shares of Pearson plc in a report on Tuesday, September 20th. Deutsche Bank AG restated a sell rating and set a GBX 770 ($9.38) target price on shares of Pearson plc in a report on Tuesday, September 13th. Finally, Barclays PLC reaffirmed an equal weight rating and set a GBX 920 ($11.21) price target on shares of Pearson plc in a research report on Thursday, September 8th. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Pearson plc currently has a consensus rating of Hold and an average price target of GBX 905.05 ($11.03).
Shares of Pearson plc (LON:PSON) opened at 754.50 on Tuesday. Pearson plc has a 12 month low of GBX 644.50 and a 12 month high of GBX 1,193.00. The firm’s 50-day moving average price is GBX 800.66 and its 200-day moving average price is GBX 850.57. The company’s market cap is GBX 6.15 billion.
In related news, insider Vivienne Cox acquired 289 shares of the company’s stock in a transaction on Friday, September 30th. The stock was purchased 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 Pearson plc stock in a transaction on Monday, October 3rd. The shares were sold at an average price of GBX 759 ($9.25), for a total value of £195,412.14 ($238,162.27).
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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