Pearson plc (LON:PSON) had its target price hoisted by analysts at Jefferies Group LLC from GBX 523 ($6.90) to GBX 541 ($7.14) in a research note issued to investors on Wednesday, October 18th. The firm presently has an “underperform” rating on the stock. Jefferies Group LLC’s price target suggests a potential downside of 24.39% from the stock’s current price.
Several other brokerages also recently weighed in on PSON. Berenberg Bank restated a “sell” rating and issued a GBX 490 ($6.47) target price on shares of Pearson plc in a research note on Tuesday, August 22nd. Credit Suisse Group lowered their target price on shares of Pearson plc from GBX 785 ($10.36) to GBX 730 ($9.63) and set a “neutral” rating for the company in a research note on Wednesday, July 12th. Liberum Capital restated a “sell” rating and issued a GBX 330 ($4.35) target price on shares of Pearson plc in a research note on Thursday, September 14th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a GBX 495 ($6.53) target price on shares of Pearson plc in a research note on Thursday, July 13th. Finally, Shore Capital restated a “hold” rating on shares of Pearson plc in a research note on Tuesday, July 11th. Six research analysts have rated the stock with a sell rating, nine 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 an average price target of GBX 673.71 ($8.89).
Shares of Pearson plc (LON PSON) opened at 715.50 on Wednesday. Pearson plc has a 52 week low of GBX 552.00 and a 52 week high of GBX 832.50. The stock has a 50 day moving average price of GBX 623.24 and a 200 day moving average price of GBX 653.14. The stock’s market capitalization is GBX 5.83 billion.
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In other news, insider Tim Score acquired 2,610 shares of the business’s stock in a transaction on Friday, September 29th. The stock was bought at an average price of GBX 604 ($7.97) per share, with a total value of £15,764.40 ($20,802.85).
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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