Pearson plc (PSON) PT Raised to GBX 605 at Berenberg Bank

Pearson plc (LON:PSON) had its target price lifted by equities research analysts at Berenberg Bank from GBX 400 ($5.16) to GBX 605 ($7.81) in a report released on Wednesday, May 10th. The firm currently has a “sell” rating on the stock. Berenberg Bank’s price target indicates a potential downside of 13.32% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Macquarie lifted their price target on shares of Pearson plc from GBX 600 ($7.74) to GBX 790 ($10.20) and gave the company a “neutral” rating in a report on Monday, May 8th. Liberum Capital reiterated a “sell” rating and issued a GBX 360 ($4.65) price target on shares of Pearson plc in a report on Wednesday, March 8th. JPMorgan Chase & Co. lifted their price target on shares of Pearson plc from GBX 650 ($8.39) to GBX 900 ($11.62) and gave the company a “neutral” rating in a report on Monday, May 8th. Shore Capital reiterated a “sell” rating on shares of Pearson plc in a report on Friday, May 5th. Finally, Credit Suisse Group AG lifted their price target on shares of Pearson plc from GBX 680 ($8.78) to GBX 830 ($10.71) and gave the company a “neutral” rating in a report on Monday, May 8th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 698.71 ($9.02).

Analyst Recommendations for Pearson plc (LON:PSON)

Shares of Pearson plc (LON:PSON) opened at 698.00 on Wednesday. The stock’s market capitalization is GBX 5.68 billion. The stock has a 50 day moving average price of GBX 665.30 and a 200 day moving average price of GBX 708.21. Pearson plc has a one year low of GBX 552.00 and a one year high of GBX 989.50.

The company also recently declared a dividend, which was paid on Friday, May 12th. Investors of record on Thursday, April 6th were paid a dividend of GBX 34 ($0.44) per share. This is an increase from Pearson plc’s previous dividend of $18.00. The ex-dividend date was Thursday, April 6th. This represents a yield of 5.18%.

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In related news, insider Tim Score bought 2,264 shares of the company’s stock in a transaction dated Friday, March 31st. The stock was bought at an average price of GBX 672 ($8.67) per share, with a total value of £15,214.08 ($19,638.67). Also, insider Sidney Taurel bought 2,100 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was bought at an average cost of GBX 726 ($9.37) per share, with a total value of £15,246 ($19,679.88). Insiders have purchased a total of 4,481 shares of company stock worth $3,129,195 in the last ninety days.

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.

12 Month Chart for LON:PSON

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