Morgan Stanley Reaffirms Overweight Rating for Pearson plc (PSON)
Morgan Stanley reiterated their overweight rating on shares of Pearson plc (LON:PSON) in a report released on Tuesday morning. The brokerage currently has a GBX 1,050 ($13.71) price objective on the stock.
A number of other equities analysts also recently commented on the company. Barclays PLC cut their price objective on Pearson plc from GBX 920 ($12.01) to GBX 750 ($9.79) and set an equal weight rating on the stock in a report on Monday. Goldman Sachs Group Inc. restated a sell rating on shares of Pearson plc in a report on Tuesday, September 27th. BNP Paribas downgraded Pearson plc to a neutral rating and cut their price objective for the stock from GBX 1,000 ($13.05) to GBX 900 ($11.75) in a report on Thursday, September 22nd. Liberum Capital restated a sell rating and issued a GBX 470 ($6.13) price objective on shares of Pearson plc in a report on Tuesday, September 20th. Finally, Deutsche Bank AG restated a sell rating and issued a GBX 770 ($10.05) price objective on shares of Pearson plc in a report on Tuesday, September 13th. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 915.14 ($11.95).
Shares of Pearson plc (LON:PSON) opened at 813.00 on Tuesday. The firm’s market capitalization is GBX 6.63 billion. The stock has a 50 day moving average price of GBX 813.93 and a 200 day moving average price of GBX 855.78. Pearson plc has a 12-month low of GBX 644.50 and a 12-month high of GBX 1,227.00.
The business also recently disclosed a dividend, which was paid on Friday, September 16th. Investors 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 yield of 2.04%.
In other Pearson plc news, insider Melinda Wolfe sold 25,746 shares of Pearson plc stock in a transaction on Monday, October 3rd. The stock was sold at an average price of GBX 759 ($9.91), for a total transaction of £195,412.14 ($255,073.93). Also, insider Vivienne Cox bought 289 shares of the business’s stock in a transaction on Friday, September 30th. The shares were acquired at an average cost of GBX 737 ($9.62) per share, for a total transaction of £2,129.93 ($2,780.22).
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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