Trade Report: The Pearson plc (PSON) Given New GBX 925 Price Target at Macquarie

The Pearson plc (PSON) Given New GBX 925 Price Target at Macquarie

Pearson plc (LON:PSON) had its price objective dropped by stock analysts at Macquarie from GBX 1,025 ($12.49) to GBX 925 ($11.27) in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Macquarie’s price target points to a potential upside of 21.31% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Societe Generale reissued a “buy” rating and issued a GBX 965 ($11.76) price target on shares of Pearson plc in a report on Wednesday, June 22nd. Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 975 ($11.88) price objective on shares of Pearson plc in a research note on Wednesday, July 27th. Beaufort Securities reaffirmed a “buy” rating on shares of Pearson plc in a research note on Monday, August 1st. Jefferies Group reaffirmed a “buy” rating and set a GBX 880 ($10.73) price objective on shares of Pearson plc in a research note on Tuesday, October 11th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 870 ($10.60) price objective on shares of Pearson plc in a research note on Friday. Seven equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 910.62 ($11.10).

Shares of Pearson plc (LON:PSON) opened at 762.50 on Tuesday. The firm’s 50-day moving average is GBX 800.40 and its 200 day moving average is GBX 851.38. Pearson plc has a 1-year low of GBX 644.50 and a 1-year high of GBX 1,196.28. The stock’s market capitalization is GBX 6.21 billion.

In other news, insider Vivienne Cox bought 289 shares of Pearson plc stock in a transaction that occurred on Friday, September 30th. The stock was purchased at an average cost of GBX 737 ($8.98) per share, with a total value of £2,129.93 ($2,595.89). Also, insider Melinda Wolfe sold 25,746 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was 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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