Pearson plc (PSON) PT Lowered to GBX 750 at Barclays PLC
Pearson plc (LON:PSON) had its price target cut by stock analysts at Barclays PLC from GBX 920 ($12.01) to GBX 750 ($9.79) in a research note issued to investors on Monday. The brokerage currently has an “equal weight” rating on the stock. Barclays PLC’s target price would suggest a potential downside of 0.40% from the company’s current price.
A number of other research analysts have also recently weighed in on the company. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a GBX 865 ($11.29) target price on shares of Pearson plc in a report on Tuesday, July 19th. Liberum Capital reiterated a “sell” rating and issued a GBX 470 ($6.13) target price on shares of Pearson plc in a report on Monday, September 12th. Morgan Stanley upgraded Pearson plc to an “overweight” rating and lifted their target price for the company from GBX 925 ($12.07) to GBX 1,050 ($13.71) in a report on Tuesday, July 12th. Berenberg Bank boosted their price objective on Pearson plc from GBX 730 ($9.53) to GBX 790 ($10.31) and gave the stock a “sell” rating in a research note on Wednesday, June 29th. Finally, Shore Capital restated a “hold” rating on shares of Pearson plc in a research note on Friday, July 29th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 915.14 ($11.95).
Shares of Pearson plc (LON:PSON) opened at 755.233 on Monday. The firm’s market capitalization is GBX 6.16 billion. Pearson plc has a 12 month low of GBX 644.50 and a 12 month high of GBX 1,227.00. The company has a 50 day moving average price of GBX 826.49 and a 200-day moving average price of GBX 858.75.
The firm also recently disclosed a dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 18th were given a dividend of GBX 18 ($0.23) per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a dividend yield of 2.04%.
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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