Trading Report: The Pearson plc (PSON) Earns Sell Rating from Liberum Capital

The Pearson plc (PSON) Earns Sell Rating from Liberum Capital

Liberum Capital reaffirmed their sell rating on shares of Pearson plc (LON:PSON) in a research note released on Wednesday. They currently have a GBX 470 ($5.73) price target on the stock.

A number of other analysts have also weighed in on the company. Macquarie reduced their target price on Pearson plc from GBX 1,025 ($12.49) to GBX 925 ($11.27) and set an outperform rating on the stock in a research note on Tuesday, October 18th. Goldman Sachs Group Inc. reiterated a sell rating and issued a GBX 865 ($10.54) target price on shares of Pearson plc in a research note on Tuesday, July 19th. Jefferies Group reiterated a buy rating and issued a GBX 880 ($10.73) target price on shares of Pearson plc in a research note on Tuesday, October 11th. Panmure Gordon reiterated a buy rating and issued a GBX 870 ($10.60) target price on shares of Pearson plc in a research note on Friday, October 14th. Finally, Deutsche Bank AG reiterated a sell rating and issued a GBX 770 ($9.38) target price on shares of Pearson plc in a research note on Wednesday, October 12th. Seven research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 897.43 ($10.94).

Pearson plc (LON:PSON) opened at 761.44 on Wednesday. The company’s market cap is GBX 6.21 billion. Pearson plc has a 52 week low of GBX 644.50 and a 52 week high of GBX 989.50. The company has a 50-day moving average of GBX 776.89 and a 200-day moving average of GBX 845.49.

In related news, insider John Fallon purchased 10,000 shares of Pearson plc stock in a transaction that occurred on Wednesday, October 19th. The stock was bought at an average cost of GBX 755 ($9.20) per share, for a total transaction of £75,500 ($92,017.06). Also, insider Melinda Wolfe sold 25,746 shares of Pearson plc stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of GBX 759 ($9.25), for a total value of £195,412.14 ($238,162.27).

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