Pearson plc (PSON) Given Overweight Rating at Morgan Stanley
Pearson plc (LON:PSON)‘s stock had its “overweight” rating reaffirmed by equities researchers at Morgan Stanley in a report released on Tuesday. They presently have a GBX 1,050 ($13.71) target price on the stock. Morgan Stanley’s target price would suggest a potential upside of 30.03% from the stock’s previous close.
PSON has been the topic of several other reports. Numis Securities Ltd lowered shares of Pearson plc to a “sell” rating and set a GBX 710 ($9.27) target price on the stock. in a research note on Friday, July 29th. Deutsche Bank AG reissued a “sell” rating and set a GBX 770 ($10.05) target price on shares of Pearson plc in a research note on Tuesday, September 13th. BNP Paribas lowered shares of Pearson plc to a “neutral” rating and cut their target price for the stock from GBX 1,000 ($13.05) to GBX 900 ($11.75) in a research note on Thursday, September 22nd. Goldman Sachs Group Inc. reissued a “sell” rating on shares of Pearson plc in a research note on Tuesday, September 27th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 920 ($12.01) target price on shares of Pearson plc in a research note on Wednesday, August 31st. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 915.14 ($11.95).
Shares of Pearson plc (LON:PSON) traded up 1.70% during trading on Tuesday, hitting GBX 807.50. 4,816,974 shares of the stock were exchanged. The stock’s market cap is GBX 6.58 billion. The firm’s 50 day moving average price is GBX 813.30 and its 200-day moving average price is GBX 855.51. Pearson plc has a 52 week low of GBX 644.50 and a 52 week high of GBX 1,227.00.
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The business also recently announced a dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 18th were given a dividend of GBX 18 ($0.23) per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 2.04%.
In other Pearson plc news, insider Melinda Wolfe sold 25,746 shares of Pearson plc stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of GBX 759 ($9.91), for a total transaction of £195,412.14 ($255,073.93). Also, insider Vivienne Cox bought 289 shares of the company’s stock in a transaction on Friday, September 30th. The shares were bought at an average price of GBX 737 ($9.62) per share, with a total value of £2,129.93 ($2,780.22).
About Pearson plc
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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