Pearson plc (PSON) Earns Neutral Rating from Credit Suisse Group AG
Pearson plc (LON:PSON)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse Group AG in a report issued on Wednesday. They currently have a GBX 840 ($10.24) price objective on the stock. Credit Suisse Group AG’s price target points to a potential upside of 12.75% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. 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 report on Friday, July 29th. Deutsche Bank AG reissued a “sell” rating and issued a GBX 770 ($9.38) price objective on shares of Pearson plc in a research report on Tuesday, September 13th. BNP Paribas cut shares of Pearson plc to a “neutral” rating and decreased their price objective for the company from GBX 1,000 ($12.19) to GBX 900 ($10.97) in a research report on Thursday, September 22nd. Goldman Sachs Group Inc. reissued a “sell” rating on shares of Pearson plc in a research report on Tuesday, September 27th. Finally, Barclays PLC decreased their price objective on shares of Pearson plc from GBX 750 ($9.14) to GBX 740 ($9.02) and set an “equal weight” rating for the company in a research report on Tuesday. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 904.57 ($11.02).
Shares of Pearson plc (LON:PSON) traded up 2.15% during trading on Wednesday, reaching GBX 761.00. The company had a trading volume of 4,256,763 shares. The stock’s market capitalization is GBX 6.20 billion. The stock has a 50 day moving average of GBX 800.66 and a 200 day moving average of GBX 850.57. Pearson plc has a 52-week low of GBX 644.50 and a 52-week high of GBX 1,193.00.
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In other Pearson plc news, insider Melinda Wolfe sold 25,746 shares of Pearson plc stock in a transaction that occurred 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 purchased at an average price of GBX 737 ($8.98) per share, for a total transaction of £2,129.93 ($2,595.89).
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.
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