Pearson plc (LON:PSON) had its target price hoisted by Deutsche Bank AG from GBX 470 ($6.18) to GBX 500 ($6.58) in a note issued to investors on Wednesday, October 25th. The brokerage presently has a “sell” rating on the stock. Deutsche Bank AG’s price target indicates a potential downside of 27.85% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. Numis Securities Ltd lifted their price objective on shares of Pearson plc from GBX 490 ($6.44) to GBX 507 ($6.67) and gave the company a “sell” rating in a report on Friday, October 20th. Barclays PLC restated an “equal weight” rating and issued a GBX 685 ($9.01) price target on shares of Pearson plc in a report on Thursday, October 19th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a GBX 495 ($6.51) price objective on shares of Pearson plc in a research note on Wednesday, October 18th. Societe Generale reiterated a “buy” rating and set a GBX 960 ($12.63) price objective on shares of Pearson plc in a research note on Wednesday, October 18th. Finally, Jefferies Group LLC boosted their price objective on shares of Pearson plc from GBX 523 ($6.88) to GBX 541 ($7.12) and gave the stock an “underperform” rating in a research note on Wednesday, October 18th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 673.71 ($8.86).
Pearson plc (PSON) traded down GBX 2.50 ($0.03) during mid-day trading on Wednesday, hitting GBX 693 ($9.11). 4,057,540 shares of the company were exchanged, compared to its average volume of 4,210,000. Pearson plc has a 52-week low of GBX 552 ($7.26) and a 52-week high of GBX 832.50 ($10.95).
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In other Pearson plc news, insider Tim Score bought 2,610 shares of Pearson plc stock in a transaction dated Friday, September 29th. The stock was acquired at an average cost of GBX 604 ($7.94) per share, for a total transaction of £15,764.40 ($20,734.45).
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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