Deutsche Bank AG Raises Pearson plc (LON:PSON) Price Target to GBX 500

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.

Analyst Recommendations for Pearson plc (LON:PSON)

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