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).