Pearson (LON:PSON) had its price target raised by Barclays from GBX 720 ($9.95) to GBX 745 ($10.29) in a research report sent to investors on Monday, February 26th. Barclays currently has an equal weight rating on the stock.
A number of other research analysts have also recently issued reports on PSON. Liberum Capital reiterated a sell rating and set a GBX 380 ($5.25) price objective on shares of Pearson in a report on Monday, February 12th. Shore Capital restated a hold rating on shares of Pearson in a report on Wednesday, January 17th. Numis Securities reiterated a sell rating and issued a GBX 507 ($7.00) target price on shares of Pearson in a research note on Wednesday, January 17th. JPMorgan Chase & Co. boosted their price target on shares of Pearson from GBX 740 ($10.22) to GBX 763 ($10.54) and gave the company a neutral rating in a research report on Wednesday, January 10th. Finally, Deutsche Bank boosted their price target on shares of Pearson from GBX 500 ($6.91) to GBX 525 ($7.25) and gave the company a sell rating in a research report on Tuesday, January 23rd. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 680 ($9.39).
Pearson (LON:PSON) traded up GBX 4.60 ($0.06) during midday trading on Monday, hitting GBX 766 ($10.58). 2,311,783 shares of the company traded hands, compared to its average volume of 4,500,000. Pearson has a twelve month low of GBX 563 ($7.78) and a twelve month high of GBX 773 ($10.68). The firm has a market cap of $5,980.00 and a price-to-earnings ratio of 1,532.00.
Pearson (LON:PSON) last issued its quarterly earnings results on Friday, February 23rd. The company reported GBX 54.10 ($0.75) EPS for the quarter, topping analysts’ consensus estimates of GBX 52.40 ($0.72) by GBX 1.70 ($0.02). Pearson had a negative net margin of 0.78% and a negative return on equity of 0.82%. The company had revenue of GBX 451.30 billion for the quarter.
The business also recently declared a dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 5th will be issued a dividend of GBX 12 ($0.17) per share. This represents a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, April 5th. This is an increase from Pearson’s previous dividend of $5.00.
In related news, insider Tim Score purchased 2,141 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were purchased at an average price of GBX 736 ($10.17) per share, with a total value 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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