Pearson plc (LON:PSON) had its price objective reduced by investment analysts at Credit Suisse Group from GBX 785 ($10.17) to GBX 730 ($9.46) in a research report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s price objective would suggest a potential upside of 11.45% from the company’s current price.
Other analysts have also issued research reports about the stock. Citigroup Inc. reiterated a “buy” rating on shares of Pearson plc in a research note on Monday, May 15th. Barclays PLC upped their price objective on shares of Pearson plc from GBX 625 ($8.10) to GBX 705 ($9.13) and gave the company an “equal weight” rating in a report on Wednesday, May 3rd. Kepler Capital Markets cut Pearson plc to a “hold” rating and set a GBX 725 ($9.39) price target on the stock. in a research report on Thursday, May 11th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 600 ($7.77) price target on shares of Pearson plc in a research report on Monday, May 8th. Finally, Investec reiterated a “hold” rating on shares of Pearson plc in a research report on Tuesday. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Pearson plc presently has a consensus rating of “Hold” and an average price target of GBX 692.76 ($8.97).
Shares of Pearson plc (LON:PSON) opened at 622.00 on Wednesday. The firm has a 50-day moving average of GBX 704.85 and a 200-day moving average of GBX 695.70. Pearson plc has a 52 week low of GBX 552.00 and a 52 week high of GBX 985.00. The firm’s market cap is GBX 5.07 billion.
In other Pearson plc news, insider Lincoln Wallen purchased 117 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average price of GBX 711 ($9.21) per share, with a total value of £831.87 ($1,077.55). Also, insider Sidney Taurel purchased 2,100 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was acquired at an average cost of GBX 726 ($9.40) per share, with a total value of £15,246 ($19,748.70). Insiders purchased 2,798 shares of company stock valued at $2,012,744 in the last ninety days.
Pearson plc Company Profile
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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