Todays Report: Today, JPMorgan Chase & Co. Cuts Pearson plc (PSON) Price Target to GBX 940

Today, JPMorgan Chase & Co. Cuts Pearson plc (PSON) Price Target to GBX 940

Pearson plc (LON:PSON) had its target price decreased by JPMorgan Chase & Co. from GBX 955 ($11.85) to GBX 940 ($11.66) in a research report issued to clients and investors on Tuesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 20.36% from the company’s current price.

Several other research analysts also recently commented on the company. Macquarie decreased their price objective on Pearson plc from GBX 1,025 ($12.72) to GBX 925 ($11.48) and set an “outperform” rating on the stock in a report on Tuesday, October 18th. Jefferies Group reiterated a “buy” rating and issued a GBX 880 ($10.92) price objective on shares of Pearson plc in a report on Tuesday, October 11th. Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Pearson plc in a report on Tuesday, September 27th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 770 ($9.55) price objective on shares of Pearson plc in a report on Wednesday, October 12th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 870 ($10.79) price objective on shares of Pearson plc in a report on Friday, October 14th. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 883.70 ($10.96).

Pearson plc (LON:PSON) opened at 770.50 on Tuesday. The firm has a 50-day moving average price of GBX 765.49 and a 200 day moving average price of GBX 836.55. The company’s market cap is GBX 6.28 billion. Pearson plc has a one year low of GBX 644.50 and a one year high of GBX 989.50.

In other Pearson plc news, insider Vivienne Cox acquired 289 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were acquired at an average cost of GBX 737 ($9.14) per share, with a total value of £2,129.93 ($2,642.27). Also, insider Melinda Wolfe sold 25,746 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of GBX 759 ($9.42), for a total value of £195,412.14 ($242,416.75).

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