Pearson plc (LON:PSON)’s share price shot up 0% on Monday . The stock traded as high as GBX 690.50 ($9.08) and last traded at GBX 698 ($9.18). 2,373,444 shares were traded during trading, a decline of 44% from the average session volume of 4,210,000 shares. The stock had previously closed at GBX 698 ($9.18).
Several research analysts have recently commented on PSON shares. Liberum Capital reissued a “sell” rating and set a GBX 330 ($4.34) price objective on shares of Pearson plc in a report on Wednesday, August 2nd. Societe Generale reissued a “buy” rating and set a GBX 960 ($12.63) price objective on shares of Pearson plc in a report on Wednesday, October 18th. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 629 ($8.27) price objective on shares of Pearson plc in a report on Monday, September 4th. Credit Suisse Group dropped their target price on Pearson plc from GBX 730 ($9.60) to GBX 690 ($9.08) and set a “neutral” rating for the company in a research report on Tuesday, August 8th. Finally, Numis Securities Ltd restated a “sell” rating and issued a GBX 490 ($6.44) target price on shares of Pearson plc in a research report on Friday, August 4th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Pearson plc presently has an average rating of “Hold” and an average price target of GBX 673.71 ($8.86).
In related news, insider Tim Score purchased 2,610 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was acquired at an average cost of GBX 604 ($7.94) per share, for a total transaction of £15,764.40 ($20,734.45).
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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