Pearson (LON:PSON) had its price objective lifted by Morgan Stanley from GBX 615 ($8.50) to GBX 785 ($10.85) in a research report sent to investors on Friday morning. Morgan Stanley currently has an equal weight rating on the stock.
Other research analysts have also issued research reports about the company. Barclays reaffirmed an equal weight rating and set a GBX 720 ($9.95) price target on shares of Pearson in a research report on Thursday, January 18th. Liberum Capital reaffirmed a sell rating and set a GBX 330 ($4.56) price target on shares of Pearson in a research report on Thursday, December 14th. Numis Securities reaffirmed a sell rating and set a GBX 507 ($7.00) price target on shares of Pearson in a research report on Wednesday, January 17th. Shore Capital reaffirmed a hold rating on shares of Pearson in a research report on Wednesday, January 17th. Finally, Citigroup reaffirmed a buy rating and set a GBX 975 ($13.47) price target on shares of Pearson in a research report on Tuesday, February 27th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 680 ($9.39).
Pearson (PSON) opened at GBX 767 ($10.60) on Friday. The company has a market capitalization of $5,990.00 and a P/E ratio of 1,534.00. Pearson has a 12-month low of GBX 563 ($7.78) and a 12-month high of GBX 773 ($10.68).
The business also recently announced a dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 5th will be paid a GBX 12 ($0.17) dividend. This is an increase from Pearson’s previous dividend of $5.00. This represents a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, April 5th.
In related news, insider Tim Score bought 2,141 shares of the stock in a transaction on Friday, December 15th. The shares were bought at an average cost of GBX 736 ($10.17) per share, for a total transaction of £15,757.76 ($21,770.88).
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Pearson 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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