Pearson plc (PSON) PT Lowered to GBX 940
Pearson plc (LON:PSON) had its price objective cut by investment analysts at JPMorgan Chase & Co. from GBX 955 ($11.85) to GBX 940 ($11.66) in a report released on Tuesday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 18.16% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the stock. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 740 ($9.18) target price (down previously from GBX 840 ($10.42)) on shares of Pearson plc in a report on Tuesday, November 22nd. Societe Generale raised shares of Pearson plc to a “buy” rating and set a GBX 1,030 ($12.78) price objective for the company in a report on Tuesday, November 15th. Liberum Capital reissued a “sell” rating and issued a GBX 470 ($5.83) price objective on shares of Pearson plc in a report on Friday, November 4th. Morgan Stanley lowered shares of Pearson plc to an “equal weight” rating and dropped their price objective for the company from GBX 1,050 ($13.03) to GBX 900 ($11.16) in a report on Thursday, October 27th. Finally, Goldman Sachs Group Inc. reissued a “sell” rating and issued a GBX 708 ($8.78) price objective on shares of Pearson plc in a report on Tuesday, October 18th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Pearson plc has an average rating of “Hold” and an average price target of GBX 883.70 ($10.96).
Pearson plc (LON:PSON) opened at 788.50 on Tuesday. The stock’s market cap is GBX 6.43 billion. The firm’s 50-day moving average is GBX 765.49 and its 200-day moving average is GBX 836.55. Pearson plc has a 52-week low of GBX 644.50 and a 52-week high of GBX 989.50.
In related news, insider John Fallon purchased 10,000 shares of the company’s stock in a transaction on Wednesday, October 19th. The shares were bought at an average cost of GBX 755 ($9.37) per share, for a total transaction of £75,500 ($93,660.84). Also, insider Vivienne Cox purchased 289 shares of the company’s stock in a transaction on Friday, September 30th. The stock was bought at an average price of GBX 737 ($9.14) per share, for a total transaction of £2,129.93 ($2,642.27).
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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