Pearson plc (LON:PSON) had its target price hoisted by research analysts at Deutsche Bank AG from GBX 470 ($6.20) to GBX 500 ($6.60) in a research note issued to investors on Wednesday. The brokerage currently has a “sell” rating on the stock. Deutsche Bank AG’s price target points to a potential downside of 29.03% from the company’s current price.
PSON has been the subject of a number of other research reports. Barclays PLC reiterated an “equal weight” rating and set a GBX 705 ($9.30) price objective on shares of Pearson plc in a research report on Friday, July 7th. Liberum Capital reiterated a “sell” rating and set a GBX 330 ($4.35) price objective on shares of Pearson plc in a research report on Wednesday, August 2nd. Societe Generale reiterated a “buy” rating and set a GBX 960 ($12.67) price objective on shares of Pearson plc in a research report on Wednesday, October 18th. BNP Paribas reiterated an “underperform” rating and set a GBX 600 ($7.92) price objective on shares of Pearson plc in a research report on Wednesday, July 12th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 629 ($8.30) price objective on shares of Pearson plc in a research report on Monday, September 4th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 673.71 ($8.89).
Pearson plc (PSON) opened at 704.50 on Wednesday. The company’s market cap is GBX 5.74 billion. The stock’s 50 day moving average price is GBX 614.01 and its 200 day moving average price is GBX 651.77. Pearson plc has a 1-year low of GBX 552.00 and a 1-year high of GBX 832.50.
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In other Pearson plc news, insider Tim Score acquired 2,610 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was purchased at an average price of GBX 604 ($7.97) per share, with a total value of £15,764.40 ($20,802.85).
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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