Pearson plc Given New GBX 1,160 Price Target at Berenberg Bank (PSON)
Equities research analysts at Berenberg Bank upped their target price on shares of Pearson plc (LON:PSON) from GBX 1,022 ($17.35) to GBX 1,160 ($19.70) in a research note issued to investors on Monday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 0.61% from the stock’s previous close.
Pearson plc (LON:PSON) traded up 1.86% on Monday, hitting GBX 1153.00. 2,711,982 shares of the company’s stock traded hands. Pearson plc has a 52 week low of GBX 981.0001 and a 52 week high of GBX 1380.00. The stock’s 50-day moving average is GBX 1123.43 and its 200-day moving average is GBX 1111.. The company’s market cap is £9.337 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 12th. Stockholders of record on Wednesday, August 13th will be paid a dividend of GBX 17 ($0.29) per share. This represents a dividend yield of 1.5%. The ex-dividend date is Wednesday, August 13th.
PSON has been the subject of a number of other recent research reports. Analysts at Macquarie reiterated an “underperform” rating on shares of Pearson plc in a research note on Monday. They now have a GBX 900 ($15.28) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Pearson plc in a research note on Monday. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Pearson plc in a research note on Monday. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Pearson plc currently has an average rating of “Hold” and a consensus target price of GBX 1,147.62 ($19.49).
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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