Sanford C. Bernstein Reiterates “Outperform” Rating for Pearson plc (PSON)
Pearson plc (LON:PSON)‘s stock had its “outperform” rating restated by Sanford C. Bernstein in a research note issued on Friday. They currently have a GBX 1,300 ($21.81) price objective on the stock. Sanford C. Bernstein’s target price points to a potential upside of 18.42% from the company’s current price.
PSON has been the subject of a number of other recent research reports. Analysts at Berenberg Bank raised their price target on shares of Pearson plc from GBX 1,022 ($17.14) to GBX 1,160 ($19.46) 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 ($15.10) 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. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,136 ($19.06).
Pearson plc (LON:PSON) opened at 1120.00 on Friday. Pearson plc has a 52 week low of GBX 981.0001 and a 52 week high of GBX 1380.00. The stock has a 50-day moving average of GBX 1124. and a 200-day moving average of GBX 1097.. The company’s market cap is £9.070 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 12th. Stockholders 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.
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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