Pearson plc (LON:PSON)‘s stock had its “overweight” rating reaffirmed by research analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,050 ($13.71) price objective on the stock. Morgan Stanley’s target price points to a potential upside of 37.61% from the company’s current price.
A number of other equities analysts have also weighed in on the company. Goldman Sachs Group Inc. reiterated a “sell” rating and set a GBX 865 ($11.29) price objective on shares of Pearson plc in a research note on Tuesday, July 19th. Barclays PLC reiterated an “equal weight” rating and set a GBX 920 ($12.01) price objective on shares of Pearson plc in a research note on Thursday, September 8th. Liberum Capital reiterated a “sell” rating and set a GBX 470 ($6.13) price objective on shares of Pearson plc in a research note on Monday, September 12th. Finally, Berenberg Bank lifted their price objective on Pearson plc from GBX 730 ($9.53) to GBX 790 ($10.31) and gave the company a “sell” rating in a research note on Wednesday, June 29th. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. Pearson plc presently has a consensus rating of “Hold” and an average price target of GBX 915.14 ($11.95).
Shares of Pearson plc (LON:PSON) opened at 800.50 on Tuesday. The stock’s market capitalization is GBX 6.52 billion. Pearson plc has a 52-week low of GBX 644.50 and a 52-week high of GBX 1,227.00. The company has a 50 day moving average price of GBX 821.06 and a 200-day moving average price of GBX 857.63.
The company also recently announced a dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 18th were given a GBX 18 ($0.23) dividend. This represents a yield of 2.04%. The ex-dividend date of this dividend was Thursday, August 18th.
In other news, insider Vivienne Cox bought 289 shares of the business’s stock in a transaction on Friday, September 30th. The shares were bought at an average price of GBX 737 ($9.62) per share, with a total value of £2,129.93 ($2,780.22).
Pearson plc Company Profile
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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