Todays Report: The Pearson plc (PSON) Receives Underperform Rating from Credit Suisse Group AG

The Pearson plc (PSON) Receives Underperform Rating from Credit Suisse Group AG

Credit Suisse Group AG reaffirmed their underperform rating on shares of Pearson plc (LON:PSON) in a research report sent to investors on Tuesday. Credit Suisse Group AG currently has a GBX 740 ($9.25) price target on the stock, down from their prior price target of GBX 840 ($10.49).

A number of other analysts also recently weighed in on PSON. Kepler Capital Markets restated a buy rating and issued a GBX 975 ($12.18) target price on shares of Pearson plc in a research report on Wednesday, July 27th. Numis Securities Ltd downgraded Pearson plc to a sell rating and set a GBX 710 ($8.87) target price for the company. in a research report on Friday, July 29th. Shore Capital reaffirmed a hold rating on shares of Pearson plc in a research note on Friday, July 29th. Barclays PLC reaffirmed an equal weight rating and issued a GBX 920 ($11.49) price target on shares of Pearson plc in a research note on Monday, August 1st. Finally, Macquarie reaffirmed an outperform rating and issued a GBX 1,025 ($12.81) price target on shares of Pearson plc in a research note on Monday, August 1st. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 884.45 ($11.05).

Pearson plc (LON:PSON) opened at 789.2989 on Tuesday. The company has a 50 day moving average price of GBX 767.15 and a 200-day moving average price of GBX 836.60. Pearson plc has a one year low of GBX 644.50 and a one year high of GBX 989.50. The company’s market capitalization is GBX 6.43 billion.

In other news, insider Vivienne Cox acquired 289 shares of Pearson plc stock in a transaction that occurred on Friday, September 30th. The stock was bought at an average price of GBX 737 ($9.21) per share, for a total transaction of £2,129.93 ($2,661.08). Also, insider Melinda Wolfe sold 25,746 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of GBX 759 ($9.48), for a total value of £195,412.14 ($244,143.10).

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