Pearson plc (PSON) Stock Price Up 0.6%
Pearson plc (LON:PSON)’s share price rose 0.6% on Wednesday . The company traded as high as GBX 592 ($7.65) and last traded at GBX 590.50 ($7.63). Approximately 1,991,478 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 2,747,870 shares. The stock had previously closed at GBX 587 ($7.58).
A number of equities research analysts have commented on PSON shares. Berenberg Bank reaffirmed a “sell” rating and issued a GBX 490 ($6.33) target price on shares of Pearson plc in a research report on Tuesday, August 22nd. Credit Suisse Group cut their target price on shares of Pearson plc from GBX 785 ($10.14) to GBX 730 ($9.43) and set a “neutral” rating for the company in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a GBX 495 ($6.39) target price on shares of Pearson plc in a research report on Thursday, July 13th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 360 ($4.65) target price on shares of Pearson plc in a research report on Thursday, June 29th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Pearson plc in a research report on Tuesday, July 11th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Pearson plc has a consensus rating of “Hold” and an average target price of GBX 680.33 ($8.79).
The company’s market cap is GBX 4.81 billion. The company has a 50 day moving average of GBX 621.35 and a 200 day moving average of GBX 660.95.
The business also recently announced a dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 17th will be given a GBX 5 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a dividend yield of 0.8%.
In related news, insider Lincoln Wallen bought 581 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were acquired at an average price of GBX 697 ($9.00) per share, for a total transaction of £4,049.57 ($5,229.98).
Pearson plc Company Profile
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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