Pearson plc (PSON) Given “Buy” Rating at Panmure Gordon
Pearson plc (LON:PSON)‘s stock had its “buy” rating reissued by research analysts at Panmure Gordon in a report released on Friday. They currently have a GBX 870 ($10.77) target price on the stock. Panmure Gordon’s price objective suggests a potential upside of 6.88% from the company’s previous close.
PSON has been the topic of a number of other reports. Numis Securities Ltd lowered shares of Pearson plc to a “sell” rating and set a GBX 710 ($8.79) price target on the stock. in a research note on Friday, July 29th. Deutsche Bank AG restated a “sell” rating and set a GBX 770 ($9.53) target price on shares of Pearson plc in a research note on Tuesday, September 13th. BNP Paribas lowered shares of Pearson plc to a “neutral” rating and cut their target price for the stock from GBX 1,000 ($12.38) to GBX 900 ($11.14) in a research note on Thursday, September 22nd. Goldman Sachs Group Inc. restated a “sell” rating on shares of Pearson plc in a research note on Tuesday, September 27th. Finally, Barclays PLC restated an “equal weight” rating and set a GBX 920 ($11.39) target price on shares of Pearson plc in a research note on Wednesday, August 31st. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Pearson plc presently has an average rating of “Hold” and a consensus target price of GBX 915.14 ($11.33).
Pearson plc (LON:PSON) opened at 825.50 on Friday. Pearson plc has a 52-week low of GBX 644.50 and a 52-week high of GBX 1,197.00. The stock’s market capitalization is GBX 6.73 billion. The firm’s 50-day moving average is GBX 805.82 and its 200-day moving average is GBX 852.99.
The firm also recently disclosed a dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 18th were given a GBX 18 ($0.22) dividend. This represents a yield of 2.04%. The ex-dividend date was Thursday, August 18th.
In other Pearson plc news, insider Melinda Wolfe sold 25,746 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of GBX 759 ($9.39), for a total value of £195,412.14 ($241,846.71). Also, insider Vivienne Cox acquired 289 shares of the business’s stock in a transaction on Friday, September 30th. The stock was acquired 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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