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).
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.
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