Deutsche Bank AG Reiterates “Hold” Rating for Pearson plc (PSON)

Deutsche Bank AG reissued their hold rating on shares of Pearson plc (LON:PSON) in a report released on Wednesday, July 12th. The firm currently has a GBX 600 ($7.81) target price on the stock.

PSON has been the topic of several other reports. Barclays PLC reiterated an equal weight rating and set a GBX 705 ($9.18) price target on shares of Pearson plc in a research report on Friday, July 7th. Macquarie raised their price objective on Pearson plc from GBX 600 ($7.81) to GBX 790 ($10.29) and gave the stock a neutral rating in a research note on Monday, May 8th. Citigroup Inc. reissued a buy rating on shares of Pearson plc in a research note on Monday, May 15th. Liberum Capital reissued a sell rating and set a GBX 360 ($4.69) price objective on shares of Pearson plc in a research note on Thursday, May 4th. Finally, Jefferies Group LLC lowered Pearson plc to an underperform rating and reduced their price objective for the stock from GBX 880 ($11.46) to GBX 540 ($7.03) in a research note on Monday, March 27th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Pearson plc currently has a consensus rating of Hold and an average price target of GBX 695.39 ($9.06).

Pearson plc (LON PSON) traded down 0.81% during trading on Wednesday, hitting GBX 615.50. 1,621,685 shares of the stock traded hands. The company’s 50 day moving average price is GBX 660.80 and its 200 day moving average price is GBX 666.18. The company’s market cap is GBX 5.07 billion. Pearson plc has a 12 month low of GBX 552.00 and a 12 month high of GBX 899.50.

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The firm also recently disclosed a dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 17th will be paid a GBX 5 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a dividend yield of 0.8%.

In other news, insider Lincoln Wallen bought 581 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were acquired at an average cost of GBX 697 ($9.08) per share, with a total value of £4,049.57 ($5,273.56).

Pearson plc 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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