Pearson plc’s (PSON) “Sell” Rating Reaffirmed at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. restated their sell rating on shares of Pearson plc (LON:PSON) in a research report report published on Tuesday. The brokerage currently has a GBX 708 ($8.63) target price on the stock.
PSON has been the subject of a number of other reports. Barclays PLC lifted their price target on shares of Pearson plc from GBX 825 ($10.05) to GBX 920 ($11.21) and gave the stock an equal weight rating in a report on Monday, July 4th. Numis Securities Ltd downgraded shares of Pearson plc to a sell rating and set a GBX 710 ($8.65) price target for the company. in a report on Friday, July 29th. Shore Capital reiterated a hold rating on shares of Pearson plc in a report on Friday, July 29th. Liberum Capital reiterated a sell rating and set a GBX 435 ($5.30) price target on shares of Pearson plc in a report on Thursday, July 14th. Finally, Morgan Stanley upgraded shares of Pearson plc to an overweight rating and lifted their price target for the stock from GBX 925 ($11.27) to GBX 1,050 ($12.80) in a report on Tuesday, July 12th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Pearson plc presently has a consensus rating of Hold and a consensus target price of GBX 905.05 ($11.03).
Shares of Pearson plc (LON:PSON) opened at 754.50 on Tuesday. The company’s 50-day moving average is GBX 800.66 and its 200 day moving average is GBX 850.57. The stock’s market capitalization is GBX 6.15 billion. Pearson plc has a 52 week low of GBX 644.50 and a 52 week high of GBX 1,193.00.
In other Pearson plc news, insider Melinda Wolfe sold 25,746 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of GBX 759 ($9.25), for a total transaction of £195,412.14 ($238,162.27). Also, insider Vivienne Cox bought 289 shares of the stock in a transaction on Friday, September 30th. The shares were acquired at an average price of GBX 737 ($8.98) per share, with a total value of £2,129.93 ($2,595.89).
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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