Pearson PLC (PSO) Shares Down 8.9%
Shares of Pearson PLC (NYSE:PSO) were down 8.9% during trading on Friday . The company traded as low as $11.35 and last traded at $11.64, with a volume of 704,096 shares trading hands. The stock had previously closed at $12.78.
A number of analysts have commented on PSO shares. Zacks Investment Research downgraded shares of Pearson PLC from a “hold” rating to a “sell” rating in a report on Saturday, July 2nd. Shore Capital reiterated a “hold” rating on shares of Pearson PLC in a report on Tuesday, June 21st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pearson PLC in a report on Wednesday, May 25th. Citigroup Inc. reiterated a “buy” rating on shares of Pearson PLC in a report on Saturday, May 14th. Finally, Deutsche Bank AG reiterated a “sell” rating on shares of Pearson PLC in a report on Friday, May 20th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold”.
The firm has a 50-day moving average price of $12.43 and a 200-day moving average price of $11.87. The company has a market capitalization of $9.52 billion and a PE ratio of 8.80.
A hedge fund recently raised its stake in Pearson PLC stock. TD Asset Management Inc. increased its position in Pearson PLC (NYSE:PSO) by 10.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 161,780 shares of the company’s stock after buying an additional 15,228 shares during the period. TD Asset Management Inc.’s holdings in Pearson PLC were worth $1,744,000 at the end of the most recent quarter.
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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