Pearson plc (PSON) Shares Up -0.4%
Pearson plc (LON:PSON) shares shot up 0.4% during trading on Thursday . The company traded as high as GBX 709.50 ($9.33) and last traded at GBX 701.97 ($9.23). 1,790,000 shares were traded during mid-day trading, a decline of 60% from the average session volume of 4,470,000 shares. The stock had previously closed at GBX 704.50 ($9.27).
A number of research firms recently commented on PSON. Numis Securities Ltd reissued a “sell” rating and issued a GBX 490 ($6.44) target price on shares of Pearson plc in a research note on Friday, August 4th. Liberum Capital reissued a “sell” rating on shares of Pearson plc in a research note on Thursday, August 10th. Credit Suisse Group reduced their target price on Pearson plc from GBX 730 ($9.60) to GBX 690 ($9.08) and set a “neutral” rating on the stock in a research note on Tuesday, August 8th. Berenberg Bank reissued a “sell” rating and issued a GBX 490 ($6.44) target price on shares of Pearson plc in a research note on Tuesday, August 22nd. Finally, Barclays PLC reissued an “equal weight” rating and issued a GBX 655 ($8.62) target price on shares of Pearson plc in a research note on Monday, August 7th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 673.71 ($8.86).
In related news, insider Tim Score acquired 2,610 shares of Pearson plc stock in a transaction dated Friday, September 29th. The shares were purchased at an average cost of GBX 604 ($7.94) per share, with a total value of £15,764.40 ($20,734.45).
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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