Pearson plc (PSON) Given New GBX 940 Price Target at JPMorgan Chase & Co.
Pearson plc (LON:PSON) had its target price reduced by JPMorgan Chase & Co. from GBX 955 ($11.85) to GBX 940 ($11.66) in a report issued on Tuesday morning. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Other equities research analysts have also issued research reports about the stock. Beaufort Securities reaffirmed a buy rating on shares of Pearson plc in a research report on Monday, August 1st. Jefferies Group reaffirmed a buy rating and set a GBX 880 ($10.92) price target on shares of Pearson plc in a research report on Tuesday, October 11th. Panmure Gordon reiterated a buy rating and set a GBX 870 ($10.79) price objective on shares of Pearson plc in a research note on Friday, October 14th. Kepler Capital Markets reiterated a buy rating and set a GBX 975 ($12.10) price objective on shares of Pearson plc in a research note on Tuesday, October 18th. Finally, Societe Generale upgraded Pearson plc to a buy rating and set a GBX 1,030 ($12.78) price objective for the company in a research note on Tuesday, November 15th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 883.70 ($10.96).
Pearson plc (LON:PSON) opened at 792.50 on Tuesday. Pearson plc has a 1-year low of GBX 644.50 and a 1-year high of GBX 989.50. The firm’s 50 day moving average is GBX 765.49 and its 200 day moving average is GBX 836.55. The stock’s market capitalization is GBX 6.46 billion.
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In other Pearson plc news, insider John Fallon bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 19th. The stock was acquired at an average cost of GBX 755 ($9.37) per share, for a total transaction of £75,500 ($93,660.84). Also, insider Vivienne Cox bought 289 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were acquired at an average price of GBX 737 ($9.14) per share, with a total value of £2,129.93 ($2,642.27).
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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