The Pearson plc (PSON) Receives Sell Rating from Deutsche Bank AG

The Pearson plc (PSON) Receives Sell Rating from Deutsche Bank AG

Deutsche Bank AG reissued their sell rating on shares of Pearson plc (LON:PSON) in a report released on Wednesday. Deutsche Bank AG currently has a GBX 770 ($9.53) price target on the stock.

Several other research firms have also recently issued reports on PSON. Barclays PLC upped their price objective on Pearson plc from GBX 825 ($10.21) to GBX 920 ($11.39) and gave the stock an equal weight rating in a research report on Monday, July 4th. Numis Securities Ltd downgraded Pearson plc to a sell rating and set a GBX 710 ($8.79) target price for the company. in a report on Friday, July 29th. Shore Capital reissued a hold rating on shares of Pearson plc in a report on Friday, July 29th. Liberum Capital reissued a sell rating and issued a GBX 435 ($5.38) target price on shares of Pearson plc in a report on Thursday, July 14th. Finally, Morgan Stanley raised Pearson plc to an overweight rating and boosted their target price for the company from GBX 925 ($11.45) to GBX 1,050 ($13.00) in a report on Tuesday, July 12th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 915.14 ($11.33).

Shares of Pearson plc (LON:PSON) opened at 796.00 on Wednesday. The firm’s market capitalization is GBX 6.49 billion. The firm has a 50-day moving average price of GBX 807.38 and a 200 day moving average price of GBX 853.26. Pearson plc has a one year low of GBX 644.50 and a one year high of GBX 1,197.00.

The company also recently announced a dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 18th were given a GBX 18 ($0.22) dividend. This represents a dividend yield of 2.04%. The ex-dividend date was Thursday, August 18th.

In other news, insider Vivienne Cox bought 289 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The shares were acquired at an average cost of GBX 737 ($9.12) per share, with a total value of £2,129.93 ($2,636.05). Also, insider Melinda Wolfe sold 25,746 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of GBX 759 ($9.39), for a total value of £195,412.14 ($241,846.71).

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