Pearson plc (LON:PSON) had its price target hoisted by equities research analysts at Macquarie from GBX 600 ($7.59) to GBX 790 ($9.99) in a research report issued on Monday, May 15th, StockTargetPrices.com reports. The brokerage currently has a “neutral” rating on the stock. Macquarie’s price target indicates a potential upside of 10.80% from the company’s current price.
Several other research analysts also recently weighed in on the company. J P Morgan Chase & Co upped their target price on Pearson plc from GBX 650 ($8.22) to GBX 900 ($11.39) and gave the stock a “neutral” rating in a research note on Monday, May 15th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 600 ($7.59) target price on shares of Pearson plc in a research note on Monday, May 15th. Barclays PLC upped their target price on Pearson plc from GBX 625 ($7.91) to GBX 705 ($8.92) and gave the stock an “equal weight” rating in a research note on Monday, May 15th. Citigroup Inc. reissued a “buy” rating on shares of Pearson plc in a research note on Monday, May 15th. Finally, Credit Suisse Group reduced their price objective on Pearson plc from GBX 830 ($10.50) to GBX 785 ($9.93) and set a “neutral” rating for the company in a research note on Sunday, May 14th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Pearson plc has a consensus rating of “Hold” and an average target price of GBX 698.71 ($8.84).
Pearson plc (LON:PSON) traded down 0.07% during midday trading on Monday, hitting GBX 713.00. 5,142,348 shares of the stock traded hands. Pearson plc has a 12 month low of GBX 552.00 and a 12 month high of GBX 989.50. The firm’s market cap is GBX 5.81 billion. The company’s 50 day moving average price is GBX 699.74 and its 200 day moving average price is GBX 701.40.
In other Pearson plc news, insider Tim Score purchased 2,264 shares of the stock in a transaction dated Friday, March 31st. The stock was acquired at an average cost of GBX 672 ($8.50) per share, for a total transaction of £15,214.08 ($19,246.15). Also, insider Lincoln Wallen purchased 117 shares of the stock in a transaction dated Friday, May 12th. The shares were acquired at an average price of GBX 711 ($8.99) per share, with a total value of £831.87 ($1,052.33). Over the last quarter, insiders have bought 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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