Citigroup Reiterates Buy Rating for Pearson (PSON)
PSON has been the topic of a number of other research reports. Berenberg Bank reissued a sell rating and issued a GBX 490 ($6.77) price target on shares of Pearson in a research report on Wednesday, January 10th. Deutsche Bank restated a sell rating and issued a GBX 500 ($6.91) price objective on shares of Pearson in a research note on Monday, December 4th. Goldman Sachs Group raised their price objective on shares of Pearson from GBX 495 ($6.84) to GBX 555 ($7.67) and gave the stock a sell rating in a research note on Tuesday, January 23rd. Liberum Capital restated a sell rating and issued a GBX 330 ($4.56) price objective on shares of Pearson in a research note on Monday, November 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Pearson from GBX 763 ($10.54) to GBX 760 ($10.50) and set a neutral rating on the stock in a research note on Thursday, January 18th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 672.50 ($9.29).
Pearson (PSON) opened at GBX 718.80 ($9.93) on Tuesday. Pearson has a 52-week low of GBX 563 ($7.78) and a 52-week high of GBX 773 ($10.68). The company has a market cap of $5,600.00 and a P/E ratio of 1,437.60.
The firm also recently declared a dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 5th will be paid a dividend of GBX 12 ($0.17) per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a yield of 1.71%. This is an increase from Pearson’s previous dividend of $5.00.
In other Pearson news, insider Tim Score purchased 2,141 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were purchased at an average price 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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