Pearson plc (PSON) PT Raised to GBX 900

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.

12 Month Chart for LON:PSON

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