Deutsche Bank AG Reiterates Sell Rating for Pearson plc (PSON)
Pearson plc (LON:PSON)‘s stock had its “sell” rating reissued by equities research analysts at Deutsche Bank AG in a report issued on Tuesday. They currently have a GBX 770 ($9.38) price target on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 0.98% from the stock’s current price.
A number of other analysts have also commented on PSON. BNP Paribas reiterated an “outperform” rating and issued a GBX 1,000 ($12.19) price objective on shares of Pearson plc in a research report on Monday, June 20th. Macquarie reiterated an “outperform” rating and issued a GBX 1,025 ($12.49) price objective on shares of Pearson plc in a research report on Monday, June 20th. Shore Capital restated a “hold” rating on shares of Pearson plc in a research report on Monday, June 20th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Pearson plc in a research report on Tuesday, June 21st. Finally, Barclays PLC boosted their target price on Pearson plc from GBX 815 ($9.93) to GBX 825 ($10.05) and gave the stock an “equal weight” rating in a research report on Wednesday, June 22nd. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Pearson plc currently has a consensus rating of “Hold” and an average price target of GBX 910.62 ($11.10).
Shares of Pearson plc (LON:PSON) opened at 762.50 on Tuesday. The stock’s market capitalization is GBX 6.21 billion. Pearson plc has a 52-week low of GBX 644.50 and a 52-week high of GBX 1,196.28. The stock has a 50 day moving average of GBX 800.40 and a 200-day moving average of GBX 851.38.
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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 acquired at an average price of GBX 737 ($8.98) per share, for a total transaction of £2,129.93 ($2,595.89). Also, insider Melinda Wolfe sold 25,746 shares of the 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).
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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