Pearson plc Given Average Recommendation of “Hold” by Brokerages (LON:PSON)
Pearson plc (LON:PSON) has earned a consensus recommendation of “Hold” from the twenty-two brokerages that are currently covering the company, Stock Ratings Network reports. Six research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 1,136 ($19.11).
Shares of Pearson plc (LON:PSON) opened at 1106.8401 on Tuesday. Pearson plc has a 1-year low of GBX 981.0001 and a 1-year high of GBX 1380.00. The stock has a 50-day moving average of GBX 1124. and a 200-day moving average of GBX 1102.. The company’s market cap is £8.963 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 12th. Investors 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.
A number of analysts have recently weighed in on PSON shares. Analysts at Berenberg Bank raised their price target on shares of Pearson plc from GBX 1,022 ($17.20) to GBX 1,160 ($19.52) in a research note on Monday, July 28th. They now have a “hold” rating on the stock. Separately, analysts at Macquarie reiterated an “underperform” rating on shares of Pearson plc in a research note on Monday, July 28th. They now have a GBX 900 ($15.14) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Pearson plc in a research note on Monday, July 28th.
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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