Pearson plc (PSON) PT Lowered to GBX 740 at Barclays PLC
Pearson plc (LON:PSON) had its price target lowered by equities researchers at Barclays PLC from GBX 750 ($9.14) to GBX 740 ($9.02) in a report released on Tuesday. The firm presently has an “equal weight” rating on the stock. Barclays PLC’s target price suggests a potential downside of 2.95% from the company’s previous close.
Several other brokerages have also recently issued reports on PSON. Numis Securities Ltd cut shares of Pearson plc to a “sell” rating and set a GBX 710 ($8.65) price objective for the company. in a research note on Friday, July 29th. Shore Capital reissued a “hold” rating on shares of Pearson plc in a research note on Friday, July 29th. Liberum Capital reissued a “sell” rating and issued a GBX 435 ($5.30) price target on shares of Pearson plc in a research note on Thursday, July 14th. Morgan Stanley raised shares of Pearson plc to an “overweight” rating and increased their price target for the company from GBX 925 ($11.27) to GBX 1,050 ($12.80) in a research note on Tuesday, July 12th. Finally, Kepler Capital Markets reissued a “buy” rating and issued a GBX 975 ($11.88) price target on shares of Pearson plc in a research note on Wednesday, July 27th. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Pearson plc currently 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 company has a 50-day moving average of GBX 800.40 and a 200-day moving average of GBX 851.38. The company’s market cap 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.
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In other Pearson plc news, insider Melinda Wolfe sold 25,746 shares of the firm’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of GBX 759 ($9.25), for a total transaction of £195,412.14 ($238,162.27). Also, insider Vivienne Cox acquired 289 shares of the stock in a transaction on Friday, September 30th. The shares were acquired 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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