Credit Suisse Group restated their neutral rating on shares of Pearson (LON:PSON) in a research report sent to investors on Monday morning. The brokerage currently has a GBX 700 ($9.67) target price on the stock.
A number of other research analysts have also issued reports on PSON. Liberum Capital reiterated a sell rating and issued a GBX 380 ($5.25) price objective on shares of Pearson in a report on Monday, February 12th. Barclays raised their price objective on shares of Pearson from GBX 720 ($9.95) to GBX 745 ($10.29) and gave the company an equal weight rating in a report on Monday. Numis Securities reiterated a sell rating and issued a GBX 559 ($7.72) price objective on shares of Pearson in a report on Friday. Shore Capital reiterated a hold rating on shares of Pearson in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Pearson from GBX 740 ($10.22) to GBX 763 ($10.54) and gave the company a neutral rating in a report on Wednesday, January 10th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 671.79 ($9.28).
Pearson (LON PSON) opened at GBX 719.40 ($9.94) on Monday. The company has a market cap of $5,590.00 and a PE ratio of 1,438.80. Pearson has a fifty-two week low of GBX 563 ($7.78) and a fifty-two week high of GBX 773 ($10.68).
The company also recently declared a dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 5th will be issued a dividend of GBX 12 ($0.17) per share. This is a positive change from Pearson’s previous dividend of $5.00. The ex-dividend date of this dividend is Thursday, April 5th. This represents a yield of 1.71%.
In other news, insider Tim Score purchased 2,141 shares of the stock in a transaction on Friday, December 15th. The stock was purchased at an average price of GBX 736 ($10.17) per share, for a total transaction of £15,757.76 ($21,770.88).
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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