Pearson plc (PSON) PT Lowered to GBX 690 at Credit Suisse Group
Pearson plc (LON:PSON) had its target price decreased by Credit Suisse Group from GBX 730 ($9.51) to GBX 690 ($8.99) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. Credit Suisse Group currently has a neutral rating on the stock.
Other research analysts also recently issued research reports about the company. Macquarie upped their price objective on Pearson plc from GBX 600 ($7.81) to GBX 790 ($10.29) and gave the stock a neutral rating in a report on Monday, May 8th. Deutsche Bank AG reaffirmed a hold rating and set a GBX 600 ($7.81) price objective on shares of Pearson plc in a report on Monday, May 8th. J P Morgan Chase & Co upped their price objective on Pearson plc from GBX 650 ($8.46) to GBX 900 ($11.72) and gave the stock a neutral rating in a report on Monday, May 8th. Berenberg Bank upped their price objective on Pearson plc from GBX 400 ($5.21) to GBX 605 ($7.88) and gave the stock a sell rating in a report on Wednesday, May 10th. Finally, Barclays PLC upped their price objective on Pearson plc from GBX 625 ($8.14) to GBX 705 ($9.18) and gave the stock an equal weight rating in a report on Tuesday, May 9th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Pearson plc presently has a consensus rating of Hold and a consensus target price of GBX 695.39 ($9.06).
Pearson plc (PSON) traded down 0.24% during mid-day trading on Tuesday, reaching GBX 626.50. The company had a trading volume of 3,093,817 shares. The stock’s market capitalization is GBX 5.10 billion. The company’s 50 day moving average is GBX 668.00 and its 200 day moving average is GBX 666.60. Pearson plc has a 52-week low of GBX 552.00 and a 52-week high of GBX 899.50.
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In other news, insider Lincoln Wallen acquired 581 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was acquired at an average price of GBX 697 ($9.08) per share, for a total transaction of £4,049.57 ($5,273.56).
About Pearson plc
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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