JPMorgan Chase & Co. Increases Pearson plc (PSON) Price Target to GBX 955
Pearson plc (LON:PSON) had its target price hoisted by JPMorgan Chase & Co. from GBX 940 ($11.46) to GBX 955 ($11.64) in a research note issued to investors on Tuesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 25.25% from the company’s previous close.
Several other research firms have also issued reports on PSON. Liberum Capital restated a “sell” rating and set a GBX 435 ($5.30) target price on shares of Pearson plc in a research report on Thursday, July 14th. Panmure Gordon restated a “buy” rating and set a GBX 870 ($10.60) target price on shares of Pearson plc in a research report on Friday. Jefferies Group restated a “buy” rating and set a GBX 880 ($10.73) target price on shares of Pearson plc in a research report on Tuesday, October 11th. Deutsche Bank AG restated a “sell” rating and set a GBX 770 ($9.38) target price on shares of Pearson plc in a research report on Tuesday. Finally, Shore Capital reiterated a “hold” rating on shares of Pearson plc in a report on Monday, June 20th. Seven 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 company has a consensus rating of “Hold” and a consensus target price of GBX 910.62 ($11.10).
Pearson plc (LON:PSON) opened at 762.50 on Tuesday. The firm’s market cap is GBX 6.21 billion. Pearson plc has a one year low of GBX 644.50 and a one year high of GBX 1,196.28. The firm’s 50-day moving average price is GBX 800.40 and its 200 day moving average price is GBX 851.38.
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In other Pearson plc news, insider Melinda Wolfe sold 25,746 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of GBX 759 ($9.25), for a total value of £195,412.14 ($238,162.27). Also, insider Vivienne Cox acquired 289 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was purchased at an average cost of GBX 737 ($8.98) per share, for a total transaction of £2,129.93 ($2,595.89).
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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