Pearson plc (LON:PSON)‘s stock had its “sell” rating reiterated by investment analysts at Deutsche Bank AG in a research report issued on Wednesday. They currently have a GBX 770 ($9.53) price target on the stock. Deutsche Bank AG’s price target would indicate a potential downside of 5.41% from the company’s current price.
A number of other analysts have also issued reports on the company. Kepler Capital Markets reissued a “buy” rating and issued a GBX 975 ($12.07) price target on shares of Pearson plc in a research note on Wednesday, July 27th. Beaufort Securities reissued a “buy” rating on shares of Pearson plc in a research note on Monday, August 1st. Goldman Sachs Group Inc. decreased their price target on Pearson plc from GBX 865 ($10.71) to GBX 825 ($10.21) and set a “sell” rating on the stock in a research note on Monday, August 8th. Shore Capital reissued a “hold” rating on shares of Pearson plc in a research note on Monday, June 20th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 1,000 ($12.38) price target on shares of Pearson plc in a research note on Monday, June 20th. Seven investment 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 presently has an average rating of “Hold” and an average price target of GBX 915.14 ($11.33).
Pearson plc (LON:PSON) opened at 833.00 on Wednesday. Pearson plc has a 12 month low of GBX 644.50 and a 12 month high of GBX 1,197.00. The firm’s market capitalization is GBX 6.79 billion. The stock’s 50 day moving average price is GBX 805.82 and its 200-day moving average price is GBX 852.99.
The company also recently announced a dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 18th were given a GBX 18 ($0.22) dividend. The ex-dividend date was Thursday, August 18th. This represents a dividend yield of 2.04%.
In other news, insider Vivienne Cox bought 289 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was bought at an average price of GBX 737 ($9.12) per share, for a total transaction of £2,129.93 ($2,636.05). Also, insider Melinda Wolfe sold 25,746 shares of Pearson plc stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of GBX 759 ($9.39), for a total value of £195,412.14 ($241,846.71).
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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