Numis Securities Ltd Reiterates “Hold” Rating for Pearson plc (PSON)
Pearson plc (LON:PSON)‘s stock had its “hold” rating reaffirmed by Numis Securities Ltd in a research note issued on Friday. They currently have a GBX 1,189 ($20.32) price objective on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 5.04% from the company’s current price.
Shares of Pearson plc (LON:PSON) opened at 1132.00 on Friday. Pearson plc has a 1-year low of GBX 981.0001 and a 1-year high of GBX 1380.00. The stock’s 50-day moving average is GBX 1123. and its 200-day moving average is GBX 1114.81. The company’s market cap is £9.161 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 12th. Shareholders of record on Wednesday, August 13th will be given a dividend of GBX 17 ($0.29) per share. This represents a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, August 13th.
PSON has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pearson plc in a research note on Tuesday. They now have a GBX 1,240 ($21.19) price target on the stock. Separately, analysts at Nomura reiterated a “reduce” rating on shares of Pearson plc in a research note on Monday, July 21st. They now have a GBX 950 ($16.23) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Pearson plc in a research note on Thursday, July 17th. They now have a GBX 1,200 ($20.51) price target on the stock. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Pearson plc has a consensus rating of “Hold” and an average price target of GBX 1,147.48 ($19.61).
Pearson plc (LON:PSON) is an international media and education company with its principal operations in the education, business information and consumer publishing markets.
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