Shares of Pearson plc (LON:PSON) have been assigned an average rating of “Hold” from the twelve analysts that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 777.33 ($10.16).
Several research firms have recently issued reports on PSON. JPMorgan Chase & Co. upped their price objective on Pearson from GBX 1,050 ($13.72) to GBX 1,065 ($13.92) and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Deutsche Bank reiterated a “sell” rating and issued a GBX 650 ($8.49) target price on shares of Pearson in a report on Monday, February 25th. Liberum Capital reiterated a “sell” rating on shares of Pearson in a report on Friday, April 26th. Barclays reduced their target price on Pearson from GBX 830 ($10.85) to GBX 805 ($10.52) and set an “underweight” rating on the stock in a report on Tuesday, February 26th. Finally, UBS Group began coverage on Pearson in a report on Thursday, March 7th. They issued a “neutral” rating and a GBX 850 ($11.11) target price on the stock.
In related news, insider Coram Williams sold 22,367 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of GBX 814 ($10.64), for a total value of £182,067.38 ($237,903.28).
Pearson Company Profile
Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through North America, Core, and Growth segments. It offers courseware services, including curriculum materials provided in book form and/or through access to digital content; and assessments, such as test development, processing, and scoring services.
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