Pearson plc (PSON) Stock Rating Reaffirmed by Numis Securities Ltd
Pearson plc (LON:PSON)‘s stock had its “sell” rating restated by equities researchers at Numis Securities Ltd in a research note issued to investors on Monday. They presently have a GBX 710 ($8.65) price objective on the stock. Numis Securities Ltd’s price objective would indicate a potential downside of 6.89% from the company’s previous close.
PSON has been the topic of a number of other reports. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 770 ($9.38) target price on shares of Pearson plc in a research report on Tuesday, September 13th. BNP Paribas lowered Pearson plc to a “neutral” rating and cut their target price for the company from GBX 1,000 ($12.19) to GBX 900 ($10.97) in a research report on Thursday, September 22nd. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of Pearson plc in a research report on Tuesday, September 27th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 920 ($11.21) target price on shares of Pearson plc in a research report on Wednesday, August 31st. Finally, Shore Capital reiterated a “hold” rating on shares of Pearson plc in a report on Friday, July 29th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 915.14 ($11.15).
Pearson plc (LON:PSON) traded down 8.41% during midday trading on Monday, reaching GBX 762.50. The company’s stock had a trading volume of 13,684,759 shares. The company’s market capitalization is GBX 6.21 billion. The company’s 50-day moving average price is GBX 800.40 and its 200-day moving average price is GBX 851.38. Pearson plc has a 1-year low of GBX 644.50 and a 1-year high of GBX 1,196.28.
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In other Pearson plc news, insider Vivienne Cox purchased 289 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were purchased at an average cost of GBX 737 ($8.98) per share, with a total value of £2,129.93 ($2,595.89). Also, insider Melinda Wolfe sold 25,746 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of GBX 759 ($9.25), for a total value of £195,412.14 ($238,162.27).
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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