Pearson plc (PSON) Earns Sell Rating from Goldman Sachs Group Inc.
Pearson plc (LON:PSON)‘s stock had its ” sell” rating reiterated by analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Tuesday. They currently have a GBX 708 ($8.63) target price on the stock. Goldman Sachs Group Inc.’s target price points to a potential downside of 7.15% from the stock’s current price.
A number of other equities analysts have also recently weighed in on the company. Numis Securities Ltd reissued a “sell” rating and set a GBX 710 ($8.65) price objective on shares of Pearson plc in a report on Monday. Barclays PLC decreased their price objective on Pearson plc from GBX 750 ($9.14) to GBX 740 ($9.02) and set an “equal weight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on Pearson plc from GBX 940 ($11.46) to GBX 955 ($11.64) and gave the company a “neutral” rating in a report on Tuesday. Deutsche Bank AG reissued a “sell” rating and set a GBX 770 ($9.38) price objective on shares of Pearson plc in a report on Tuesday. Finally, Macquarie decreased their price objective on Pearson plc from GBX 1,025 ($12.49) to GBX 925 ($11.27) and set an “outperform” rating on the stock in a report on Tuesday. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. Pearson plc has an average rating of “Hold” and an average price target of GBX 905.05 ($11.03).
Pearson plc (LON:PSON) opened at 740.50 on Tuesday. The company’s market capitalization is GBX 6.04 billion. The firm’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 12-month low of GBX 644.50 and a 12-month high of GBX 1,196.28.
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In other Pearson plc news, insider Melinda Wolfe sold 25,746 shares of the company’s stock in a transaction dated 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 purchased 289 shares of Pearson plc stock in a transaction on Friday, September 30th. The stock was bought at an average price of GBX 737 ($8.98) per share, with a total value 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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