Pearson plc (PSON) Rating Reiterated by Jefferies Group
Pearson plc (LON:PSON)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group in a research report issued on Tuesday. They currently have a GBX 880 ($10.89) price target on the stock. Jefferies Group’s price target points to a potential upside of 8.31% from the company’s previous close.
Several other analysts have also issued reports on PSON. Macquarie reaffirmed an “outperform” rating and set a GBX 1,025 ($12.69) price target on shares of Pearson plc in a research report on Monday, August 1st. JPMorgan Chase & Co. upped their price target on shares of Pearson plc from GBX 935 ($11.57) to GBX 940 ($11.63) and gave the stock a “neutral” rating in a research report on Friday, September 2nd. Panmure Gordon reissued a “buy” rating and issued a GBX 870 ($10.77) price objective on shares of Pearson plc in a research report on Wednesday, June 15th. Liberum Capital reissued a “sell” rating and issued a GBX 435 ($5.38) price objective on shares of Pearson plc in a research report on Wednesday, June 15th. Finally, Barclays PLC reissued an “equal weight” rating and issued a GBX 920 ($11.39) price objective on shares of Pearson plc in a research report on Monday, August 1st. 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. The stock currently has a consensus rating of “Hold” and an average target price of GBX 915.14 ($11.33).
Pearson plc (LON:PSON) opened at 822.50 on Tuesday. The company’s 50-day moving average is GBX 810.42 and its 200 day moving average is GBX 854.13. The company’s market capitalization is GBX 6.70 billion. Pearson plc has a one year low of GBX 644.50 and a one year high of GBX 1,227.00.
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The firm also recently disclosed a dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 18th were issued a GBX 18 ($0.22) dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 2.04%.
In other news, insider Vivienne Cox purchased 289 shares of the stock in a transaction on Friday, September 30th. The stock was purchased at an average price of GBX 737 ($9.12) per share, for a total transaction of £2,129.93 ($2,636.05). Also, insider Melinda Wolfe sold 25,746 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of GBX 759 ($9.39), for a total transaction of £195,412.14 ($241,846.71).
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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