Pearson plc (PSON) Given Sell Rating at Goldman Sachs Group Inc.
Pearson plc (LON:PSON)‘s stock had its ” sell” rating restated by analysts at Goldman Sachs Group Inc. in a research note issued on Tuesday. They presently have a GBX 708 ($8.63) price target on the stock. Goldman Sachs Group Inc.’s target price indicates a potential downside of 7.15% from the stock’s current price.
A number of other research firms have also weighed in on PSON. Barclays PLC raised their target price on shares of Pearson plc from GBX 825 ($10.05) to GBX 920 ($11.21) and gave the company an “equal weight” rating in a report on Monday, July 4th. Numis Securities Ltd lowered shares of Pearson plc to a “sell” rating and set a GBX 710 ($8.65) target price for the company. in a report on Friday, July 29th. Shore Capital reissued a “hold” rating on shares of Pearson plc in a report on Friday, July 29th. Liberum Capital reissued a “sell” rating and issued a GBX 435 ($5.30) target price on shares of Pearson plc in a report on Thursday, July 14th. Finally, Morgan Stanley raised shares of Pearson plc to an “overweight” rating and raised their target price for the company from GBX 925 ($11.27) to GBX 1,050 ($12.80) in a report on Tuesday, July 12th. Six investment 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. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 905.05 ($11.03).
Pearson plc (LON:PSON) opened at 740.50 on Tuesday. Pearson plc has a one year low of GBX 644.50 and a one year high of GBX 1,196.28. The company’s market capitalization is GBX 6.04 billion. The firm 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 related news, insider Vivienne Cox purchased 289 shares of the business’s stock in a transaction dated Friday, September 30th. The stock was bought 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 business’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).
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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