Pearson plc (PSON) Rating Reiterated by Jefferies Group
Pearson plc (LON:PSON)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a research note issued to investors on Tuesday. They presently have a GBX 880 ($10.89) price objective on the stock. Jefferies Group’s price objective indicates a potential upside of 8.91% from the company’s previous close.
A number of other brokerages have also weighed in on PSON. Barclays PLC boosted their price objective on shares of Pearson plc from GBX 825 ($10.21) to GBX 920 ($11.39) and gave the company an “equal weight” rating in a report on Monday, July 4th. Numis Securities Ltd lowered shares of Pearson plc to a “sell” rating and set a GBX 710 ($8.79) price objective on the stock. in a report on Friday, July 29th. Shore Capital reissued a “hold” rating on shares of Pearson plc in a report on Friday, July 29th. Liberum Capital reissued a “sell” rating and set a GBX 435 ($5.38) price objective on shares of Pearson plc in a report on Thursday, July 14th. Finally, Morgan Stanley raised shares of Pearson plc to an “overweight” rating and boosted their price objective for the company from GBX 925 ($11.45) to GBX 1,050 ($13.00) in a report on Tuesday, July 12th. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 915.14 ($11.33).
Pearson plc (LON:PSON) opened at 805.60 on Tuesday. The company’s market cap is GBX 6.57 billion. The firm’s 50-day moving average price is GBX 807.38 and its 200-day moving average price is GBX 853.26. Pearson plc has a 52-week low of GBX 644.50 and a 52-week high of GBX 1,197.00.
The business also recently declared a dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 18th were given a dividend of GBX 18 ($0.22) per share. The ex-dividend date was Thursday, August 18th. This represents a dividend yield of 2.04%.
In related news, insider Melinda Wolfe sold 25,746 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of GBX 759 ($9.39), for a total transaction of £195,412.14 ($241,846.71). Also, insider Vivienne Cox purchased 289 shares of Pearson plc stock in a transaction that occurred on Friday, September 30th. The shares were bought at an average price of GBX 737 ($9.12) per share, with a total value of £2,129.93 ($2,636.05).
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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