Deutsche Bank AG reissued their sell rating on shares of Pearson plc (LON:PSON) in a research note released on Wednesday, October 18th. The brokerage currently has a GBX 470 ($6.18) price target on the stock.
Other research analysts also recently issued research reports about the stock. Numis Securities Ltd reiterated a sell rating and issued a GBX 490 ($6.44) price objective on shares of Pearson plc in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) reiterated a sell rating and issued a GBX 495 ($6.51) price objective on shares of Pearson plc in a research report on Thursday, July 13th. Credit Suisse Group decreased their price objective on shares of Pearson plc from GBX 785 ($10.32) to GBX 730 ($9.60) and set a neutral rating for the company in a research report on Wednesday, July 12th. Jefferies Group LLC decreased their price objective on shares of Pearson plc from GBX 540 ($7.10) to GBX 511 ($6.72) and set an underperform rating for the company in a research report on Wednesday, July 12th. Finally, Berenberg Bank decreased their price objective on shares of Pearson plc from GBX 605 ($7.96) to GBX 490 ($6.44) and set a sell rating for the company in a research report on Monday, July 17th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 673.71 ($8.86).
Pearson plc (PSON) traded up GBX 3.50 ($0.05) during trading hours on Wednesday, reaching GBX 697 ($9.17). 3,697,974 shares of the company’s stock traded hands.
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In other Pearson plc news, insider Tim Score bought 2,610 shares of Pearson plc stock in a transaction on Friday, September 29th. The shares were bought at an average cost of GBX 604 ($7.94) per share, for a total transaction of £15,764.40 ($20,734.45).
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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