Pearson plc (LON:PSON) had its price objective upped by JPMorgan Chase & Co. from GBX 650 ($8.39) to GBX 900 ($11.62) in a research report sent to investors on Monday, May 8th. JPMorgan Chase & Co. currently has a neutral rating on the stock.
PSON has been the subject of several other research reports. Deutsche Bank AG reiterated a sell rating and issued a GBX 730 ($9.42) target price on shares of Pearson plc in a report on Friday, January 13th. Numis Securities Ltd reiterated a sell rating and issued a GBX 710 ($9.16) target price on shares of Pearson plc in a report on Wednesday, January 18th. Goldman Sachs Group Inc raised their price objective on shares of Pearson plc from GBX 708 ($9.14) to GBX 808 ($10.43) and gave the stock a sell rating in a report on Friday, January 13th. Barclays PLC decreased their price objective on shares of Pearson plc from GBX 740 ($9.55) to GBX 550 ($7.10) and set an equal weight rating for the company in a report on Thursday, January 19th. Finally, AlphaValue restated a buy rating and set a GBX 986 ($12.73) price objective on shares of Pearson plc in a report on Wednesday, January 18th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 698.71 ($9.02).
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The business also recently announced a dividend, which was paid on Friday, May 12th. Shareholders of record on Thursday, April 6th were given a dividend of GBX 34 ($0.44) per share. The ex-dividend date was Thursday, April 6th. This is a positive change from Pearson plc’s previous dividend of $18.00. This represents a yield of 5.18%.
In other Pearson plc news, insider Sidney Taurel purchased 2,100 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were purchased at an average cost of GBX 726 ($9.37) per share, with a total value of £15,246 ($19,679.88). Also, insider Tim Score purchased 2,264 shares of the firm’s stock in a transaction on Friday, March 31st. The shares were acquired at an average cost of GBX 672 ($8.67) per share, for a total transaction of £15,214.08 ($19,638.67). Over the last quarter, insiders have acquired 4,481 shares of company stock valued at $3,129,195.
Pearson plc Company Profile
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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