Pearson plc (LON:PSON)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank AG in a report issued on Monday, May 15th, StockTargetPrices.com reports. They presently have a GBX 600 ($7.59) price objective on the stock. Deutsche Bank AG’s target price indicates a potential downside of 15.85% from the stock’s previous close.
Several other equities analysts have also recently issued reports on PSON. Liberum Capital reaffirmed a “sell” rating and set a GBX 470 ($5.95) price objective on shares of Pearson plc in a report on Wednesday, January 18th. Numis Securities Ltd reaffirmed a “sell” rating and set a GBX 710 ($8.98) price objective on shares of Pearson plc in a report on Wednesday, January 18th. AlphaValue reaffirmed a “buy” rating and set a GBX 986 ($12.47) price objective on shares of Pearson plc in a report on Wednesday, January 18th. Barclays PLC reduced their price objective on Pearson plc from GBX 740 ($9.36) to GBX 550 ($6.96) and set an “equal weight” rating for the company in a report on Thursday, January 19th. Finally, Macquarie cut Pearson plc to a “neutral” rating and reduced their price objective for the stock from GBX 925 ($11.70) to GBX 600 ($7.59) in a report on Thursday, January 19th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Pearson plc currently has a consensus rating of “Hold” and a consensus target price of GBX 698.71 ($8.84).
Pearson plc (LON:PSON) traded down 0.07% on Monday, reaching GBX 713.00. The company had a trading volume of 5,142,348 shares. Pearson plc has a 52-week low of GBX 552.00 and a 52-week high of GBX 989.50. The company’s 50-day moving average is GBX 699.74 and its 200-day moving average is GBX 701.40. The company’s market capitalization is GBX 5.81 billion.
In other news, insider Sidney Taurel purchased 2,100 shares of the stock in a transaction on Friday, May 5th. The stock was purchased at an average price of GBX 726 ($9.18) per share, with a total value of £15,246 ($19,286.53). Also, insider Tim Score purchased 2,264 shares of the stock in a transaction on Friday, March 31st. The shares were purchased at an average cost of GBX 672 ($8.50) per share, with a total value of £15,214.08 ($19,246.15). Insiders purchased 4,481 shares of company stock valued at $3,129,195 over the last quarter.
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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