Todays Report: The Pearson plc (PSON) Given “Overweight” Rating at Morgan Stanley

The Pearson plc (PSON) Given “Overweight” Rating at Morgan Stanley

Morgan Stanley restated their overweight rating on shares of Pearson plc (LON:PSON) in a research note released on Tuesday morning. Morgan Stanley currently has a GBX 1,050 ($13.71) price target on the stock.

PSON has been the topic of several other research reports. Numis Securities Ltd lowered shares of Pearson plc to a sell rating and set a GBX 710 ($9.27) price target on the stock. in a report on Friday, July 29th. Deutsche Bank AG reissued a sell rating and issued a GBX 770 ($10.05) price target on shares of Pearson plc in a report on Tuesday, September 13th. BNP Paribas lowered shares of Pearson plc to a neutral rating and lowered their price target for the company from GBX 1,000 ($13.05) to GBX 900 ($11.75) in a report on Thursday, September 22nd. Goldman Sachs Group Inc. reissued a sell rating on shares of Pearson plc in a report on Tuesday, September 27th. Finally, Barclays PLC reissued an equal weight rating and issued a GBX 920 ($12.01) price target on shares of Pearson plc in a report on Wednesday, August 31st. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 915.14 ($11.95).

Pearson plc (LON:PSON) traded down 0.44% on Tuesday, hitting GBX 799.00. 2,651,793 shares of the stock were exchanged. The company’s 50 day moving average is GBX 819.31 and its 200 day moving average is GBX 856.91. The stock’s market cap is GBX 6.51 billion. Pearson plc has a 1-year low of GBX 644.50 and a 1-year high of GBX 1,227.00.

The firm also recently declared a dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 18th were paid a dividend of GBX 18 ($0.23) per share. The ex-dividend date was Thursday, August 18th. This represents a dividend yield of 2.04%.

In other Pearson plc news, insider Vivienne Cox purchased 289 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was bought at an average cost of GBX 737 ($9.62) per share, with a total value of £2,129.93 ($2,780.22). Also, insider Melinda Wolfe sold 25,746 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of GBX 759 ($9.91), for a total transaction of £195,412.14 ($255,073.93).

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