Published On: Mon, Sep 12th, 2016

Deutsche Bank AG Cuts Pearson plc (PSON) Price Target to GBX 770

Pearson plc (LON:PSON) had its price objective dropped by equities researchers at Deutsche Bank AG from GBX 795 ($10.59) to GBX 770 ($10.26) in a research report issued to clients and investors on Monday. The firm presently has a “sell” rating on the stock. Deutsche Bank AG’s price objective indicates a potential downside of 2.53% from the company’s previous close.
Several other analysts have also issued reports on PSON. Liberum Capital restated a “sell” rating and issued a GBX 450 ($5.99) target price on shares of Pearson plc in a research note on Thursday, April 14th. Shore Capital upgraded Pearson plc to a “hold” rating in a research note on Friday, April 29th. Goldman Sachs Group Inc. reiterated a “sell” rating and set a GBX 800 ($10.66) price objective on shares of Pearson plc in a research note on Tuesday, May 3rd. Barclays PLC boosted their price objective on Pearson plc from GBX 785 ($10.46) to GBX 815 ($10.86) and gave the company an “equal weight” rating in a research note on Tuesday, May 3rd. Finally, Beaufort Securities reiterated a “buy” rating on shares of Pearson plc in a research note on Tuesday, May 3rd. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Pearson plc currently has an average rating of “Hold” and a consensus price target of GBX 928 ($12.36).
Pearson plc (LON:PSON) traded down 0.88% during trading on Monday, reaching GBX 789.93. The company’s stock had a trading volume of 4,437,937 shares. The stock has a 50-day moving average price of GBX 887.96 and a 200 day moving average price of GBX 866.59. Pearson plc has a 52-week low of GBX 644.50 and a 52-week high of GBX 1,227.00. The company’s market cap is GBX 6.44 billion.

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The business also recently announced a dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, August 18th will be issued a dividend of GBX 18 ($0.24) per share. This represents a yield of 2.04%. The ex-dividend date is Thursday, August 18th.
In related news, insider Wallen,Lincoln bought 423 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The stock was bought at an average cost of GBX 916 ($12.20) per share, for a total transaction of £3,874.68 ($5,160.74).
About Pearson plc
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.

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