Pearson plc (LON:PSON) rose 0% during trading on Tuesday . The company traded as high as GBX 740 ($10.04) and last traded at GBX 738.20 ($10.01). Approximately 3,313,975 shares were traded during trading, an increase of 7% from the average daily volume of 3,100,000 shares. The stock had previously closed at GBX 738.20 ($10.01).
PSON has been the subject of a number of research reports. Liberum Capital restated a “sell” rating and set a GBX 330 ($4.48) price objective on shares of Pearson in a research report on Thursday, September 14th. Credit Suisse Group restated a “neutral” rating and set a GBX 690 ($9.36) price objective on shares of Pearson in a research report on Thursday, September 14th. Deutsche Bank lowered Pearson to a “sell” rating and decreased their price objective for the stock from GBX 600 ($8.14) to GBX 470 ($6.37) in a research report on Wednesday, September 27th. Goldman Sachs Group reiterated a “sell” rating and set a GBX 495 ($6.71) price target on shares of Pearson in a report on Monday, September 18th. Finally, Jefferies Group lifted their price target on Pearson from GBX 523 ($7.09) to GBX 541 ($7.34) and gave the company an “underperform” rating in a report on Wednesday, October 18th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 672 ($9.11).
The company has a market cap of $5,830.00 and a price-to-earnings ratio of -276.49.
In related news, insider Tim Score bought 2,141 shares of Pearson stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average cost of GBX 736 ($9.98) per share, for a total transaction of £15,757.76 ($21,369.35).
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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