Credit Suisse Group Reiterates Neutral Rating for Pearson plc (PSON)
Pearson plc (LON:PSON)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse Group in a report released on Thursday. They presently have a GBX 690 ($8.91) target price on the stock. Credit Suisse Group’s price objective points to a potential upside of 21.37% from the company’s previous close.
Several other research firms also recently weighed in on PSON. Berenberg Bank restated a “sell” rating and issued a GBX 490 ($6.33) target price on shares of Pearson plc in a research report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a GBX 495 ($6.39) price objective on shares of Pearson plc in a research report on Thursday, July 13th. Liberum Capital reiterated a “sell” rating and set a GBX 360 ($4.65) price objective on shares of Pearson plc in a research report on Thursday, June 29th. Shore Capital reiterated a “hold” rating on shares of Pearson plc in a research report on Tuesday, July 11th. Finally, Numis Securities Ltd reiterated a “sell” rating and set a GBX 490 ($6.33) price objective on shares of Pearson plc in a research report on Tuesday, July 11th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Pearson plc has a consensus rating of “Hold” and an average price target of GBX 680.33 ($8.79).
Shares of Pearson plc (LON PSON) traded down 3.07% during mid-day trading on Thursday, hitting GBX 568.50. The stock had a trading volume of 6,545,277 shares. The firm has a 50 day moving average of GBX 617.93 and a 200-day moving average of GBX 659.79. Pearson plc has a one year low of GBX 552.00 and a one year high of GBX 838.00. The stock’s market cap is GBX 4.63 billion.
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In other news, insider Lincoln Wallen acquired 581 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was acquired at an average cost of GBX 697 ($9.00) per share, with a total value of £4,049.57 ($5,229.98).
About Pearson plc
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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