Pearson plc (LON:PSON) had its price target reduced by Credit Suisse Group from GBX 785 ($10.35) to GBX 730 ($9.63) in a research report sent to investors on Wednesday, July 12th. They currently have a neutral rating on the stock.
A number of other equities analysts have also recently weighed in on the stock. Citigroup Inc. reaffirmed a buy rating on shares of Pearson plc in a research report on Monday, May 15th. Barclays PLC increased their price objective on shares of Pearson plc from GBX 625 ($8.24) to GBX 705 ($9.30) and gave the stock an equal weight rating in a research report on Wednesday, May 3rd. Kepler Capital Markets cut shares of Pearson plc to a hold rating and set a GBX 725 ($9.56) price objective for the company. in a research report on Thursday, May 11th. Deutsche Bank AG reaffirmed a hold rating and set a GBX 600 ($7.91) price objective on shares of Pearson plc in a research report on Monday, May 8th. Finally, Shore Capital reaffirmed a hold rating on shares of Pearson plc in a research report on Tuesday, July 11th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 700.39 ($9.24).
Shares of Pearson plc (LON PSON) traded down 2.02% on Wednesday, hitting GBX 655.50. The company had a trading volume of 4,288,508 shares. The firm’s 50 day moving average price is GBX 675.65 and its 200-day moving average price is GBX 668.00. Pearson plc has a 52 week low of GBX 552.00 and a 52 week high of GBX 899.50. The stock’s market capitalization is GBX 5.34 billion.
In other Pearson plc news, insider Lincoln Wallen acquired 581 shares of the stock in a transaction on Friday, June 30th. The shares were bought at an average cost of GBX 697 ($9.19) per share, with a total value of £4,049.57 ($5,341.74).
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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