Pearson plc (LON:PSON – Get Rating) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,015 ($12.81).
A number of research firms have recently issued reports on PSON. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,230 ($15.52) price objective on shares of Pearson in a research report on Thursday, March 9th. Citigroup restated a “buy” rating on shares of Pearson in a research report on Wednesday, March 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,140 ($14.38) price objective on shares of Pearson in a research report on Wednesday, May 3rd.
In other Pearson news, insider Graeme Pitkethly purchased 257 shares of the firm’s stock in a transaction dated Friday, March 31st. The shares were bought at an average price of GBX 832 ($10.50) per share, for a total transaction of £2,138.24 ($2,698.09). In related news, insider Graeme Pitkethly bought 257 shares of the business’s stock in a transaction on Friday, March 31st. The shares were purchased at an average cost of GBX 832 ($10.50) per share, with a total value of £2,138.24 ($2,698.09). Also, insider Sally Johnson sold 65,220 shares of Pearson stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of GBX 762 ($9.62), for a total value of £496,976.40 ($627,099.56). Corporate insiders own 0.67% of the company’s stock.
Pearson Stock Performance
Pearson Increases Dividend
The business also recently disclosed a dividend, which was paid on Friday, May 5th. Shareholders of record on Thursday, March 23rd were paid a dividend of GBX 14.90 ($0.19) per share. This represents a yield of 1.62%. The ex-dividend date was Thursday, March 23rd. This is a positive change from Pearson’s previous dividend of $6.60. Pearson’s dividend payout ratio (DPR) is 6,363.64%.
Pearson Company Profile
Pearson plc provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. It operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Higher Education, and Workforce Skills.
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