BNP Paribas Downgrades Pearson plc (PSON) to Neutral
Pearson plc (LON:PSON) was downgraded by equities research analysts at BNP Paribas to a “neutral” rating in a research report issued to clients and investors on Thursday. They currently have a GBX 900 ($11.75) price target on the stock, down from their prior price target of GBX 1,000 ($13.05). BNP Paribas’ price objective points to a potential upside of 15.09% from the company’s current price.
Several other equities analysts have also commented on the company. Liberum Capital reissued a “sell” rating and set a GBX 470 ($6.13) price objective on shares of Pearson plc in a research report on Tuesday. Deutsche Bank AG reissued a “sell” rating and set a GBX 770 ($10.05) price objective on shares of Pearson plc in a research report on Tuesday, September 13th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 920 ($12.01) price target on shares of Pearson plc in a research report on Thursday, September 8th. JPMorgan Chase & Co. lifted their price target on Pearson plc from GBX 935 ($12.20) to GBX 940 ($12.27) and gave the stock a “neutral” rating in a research report on Friday, September 2nd. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a GBX 790 ($10.31) price target on shares of Pearson plc in a research report on Tuesday, August 16th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 923.24 ($12.05).
Shares of Pearson plc (LON:PSON) opened at 778.50 on Thursday. Pearson plc has a 12-month low of GBX 644.50 and a 12-month high of GBX 1,227.00. The stock’s market capitalization is GBX 6.34 billion. The firm’s 50-day moving average is GBX 851.74 and its 200 day moving average is GBX 864.28.
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The business also recently disclosed a dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 18th were paid a dividend of GBX 18 ($0.23) per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a dividend yield of 2.04%.
In related news, insider Wallen,Lincoln acquired 423 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was bought at an average cost of GBX 916 ($11.96) per share, for a total transaction of £3,874.68 ($5,057.67).
Pearson plc Company Profile
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
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