Pearson plc (PSON) Upgraded to “Buy” by Societe Generale
Several other analysts have also recently weighed in on PSON. Macquarie reissued an outperform rating and set a GBX 1,025 ($12.81) price target on shares of Pearson plc in a report on Monday, August 1st. JPMorgan Chase & Co. lifted their price target on Pearson plc from GBX 935 ($11.68) to GBX 940 ($11.74) and gave the stock a neutral rating in a report on Friday, September 2nd. Barclays PLC reissued an equal weight rating and set a GBX 920 ($11.49) price target on shares of Pearson plc in a report on Monday, August 1st. Deutsche Bank AG reissued a sell rating and set a GBX 770 ($9.62) price target on shares of Pearson plc in a report on Tuesday, September 13th. Finally, Kepler Capital Markets reissued a buy rating and set a GBX 975 ($12.18) price target on shares of Pearson plc in a report on Wednesday, July 27th. 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 stock. The stock has a consensus rating of Hold and an average price target of GBX 889.45 ($11.11).
Shares of Pearson plc (LON:PSON) traded down 0.07% during mid-day trading on Tuesday, reaching GBX 760.50. The company’s stock had a trading volume of 2,353,186 shares. The firm has a 50 day moving average price of GBX 765.47 and a 200 day moving average price of GBX 838.34. The firm’s market cap is GBX 6.20 billion. Pearson plc has a 52-week low of GBX 644.50 and a 52-week high of GBX 989.50.
In related news, insider Vivienne Cox acquired 289 shares of Pearson plc stock in a transaction dated Friday, September 30th. The shares were purchased at an average cost of GBX 737 ($9.21) per share, with a total value of £2,129.93 ($2,661.08). Also, insider John Fallon acquired 10,000 shares of Pearson plc stock in a transaction dated Wednesday, October 19th. The shares were bought at an average cost of GBX 755 ($9.43) per share, for a total transaction of £75,500 ($94,327.84).
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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