Pearson plc’s (PSON) “Sell” Rating Reaffirmed at Goldman Sachs Group, Inc. (The)

Pearson plc (LON:PSON)‘s stock had its “sell” rating restated by research analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Thursday, July 13th. They currently have a GBX 495 ($6.45) price objective on the stock. Goldman Sachs Group, Inc. (The)’s price target would suggest a potential downside of 19.58% from the stock’s previous close.

A number of other research firms also recently weighed in on PSON. Credit Suisse Group raised their price target on shares of Pearson plc from GBX 680 ($8.86) to GBX 830 ($10.81) and gave the company a “neutral” rating in a research note on Monday, May 8th. Macquarie raised their price target on shares of Pearson plc from GBX 600 ($7.81) to GBX 790 ($10.29) and gave the company a “neutral” rating in a research note on Monday, May 8th. Deutsche Bank AG restated a “hold” rating and issued a GBX 600 ($7.81) price target on shares of Pearson plc in a research note on Monday, May 8th. J P Morgan Chase & Co raised their price target on shares of Pearson plc from GBX 650 ($8.46) to GBX 900 ($11.72) and gave the company a “neutral” rating in a research note on Monday, May 8th. Finally, Berenberg Bank raised their price target on shares of Pearson plc from GBX 400 ($5.21) to GBX 605 ($7.88) and gave the company a “sell” rating in a research note on Wednesday, May 10th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 695.39 ($9.06).

Shares of Pearson plc (LON PSON) traded down 0.81% during trading on Thursday, hitting GBX 615.50. 1,621,685 shares of the stock were exchanged. Pearson plc has a 52 week low of GBX 552.00 and a 52 week high of GBX 899.50. The firm’s market capitalization is GBX 5.07 billion. The firm has a 50 day moving average price of GBX 660.80 and a 200 day moving average price of GBX 666.18.

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In other news, insider Lincoln Wallen purchased 581 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were purchased at an average price of GBX 697 ($9.08) per share, for a total transaction of £4,049.57 ($5,273.56).

About Pearson plc

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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