Pearson plc (PSON) Given New GBX 925 Price Target at Macquarie
Pearson plc (LON:PSON) had its price objective dropped by stock analysts at Macquarie from GBX 1,025 ($12.49) to GBX 925 ($11.27) in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Macquarie’s price target points to a potential upside of 21.31% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. Societe Generale reissued a “buy” rating and issued a GBX 965 ($11.76) price target on shares of Pearson plc in a report on Wednesday, June 22nd. Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 975 ($11.88) price objective on shares of Pearson plc in a research note on Wednesday, July 27th. Beaufort Securities reaffirmed a “buy” rating on shares of Pearson plc in a research note on Monday, August 1st. Jefferies Group reaffirmed a “buy” rating and set a GBX 880 ($10.73) price objective on shares of Pearson plc in a research note on Tuesday, October 11th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 870 ($10.60) price objective on shares of Pearson plc in a research note on Friday. Seven 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’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 910.62 ($11.10).
Shares of Pearson plc (LON:PSON) opened at 762.50 on Tuesday. The firm’s 50-day moving average is GBX 800.40 and its 200 day moving average 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. The stock’s market capitalization is GBX 6.21 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/pearson-plc-pson-given-new-gbx-925-price-target-at-macquarie.html
In other news, insider Vivienne Cox bought 289 shares of Pearson plc stock in a transaction that occurred on Friday, September 30th. The stock was 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 firm’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).
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.
Receive News & Ratings for Pearson plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pearson plc and related companies with MarketBeat.com's FREE daily email newsletter.