Pearson plc (LON:PSON) had its price objective cut by Nomura from GBX 950 ($13.53) to GBX 890 ($12.68) in a research report sent to investors on Friday morning, Market Beat reports. They currently have a neutral rating on the stock.

Pearson plc (LON:PSON) traded down 0.13% during mid-day trading on Friday, hitting GBX 768.50. The stock had a trading volume of 3,488,087 shares. The company has a 50-day moving average of GBX 728.73 and a 200-day moving average of GBX 979.41. The firm’s market cap is GBX 6.25 billion. Pearson plc has a 12-month low of GBX 644.50 and a 12-month high of GBX 1,517.42.

In other Pearson plc news, insider Manwani,Harish purchased 421 shares of the business’s stock in a transaction dated Thursday, December 17th. The shares were bought at an average price of GBX 750 ($10.69) per share, with a total value of £3,157.50 ($4,498.50).

Several other research analysts have also weighed in on PSON. Credit Suisse lowered Pearson plc to a neutral rating and cut their target price for the stock from GBX 1,455 ($20.73) to GBX 970 ($13.82) in a research report on Tuesday, October 27th. Barclays reiterated an equal weight rating and issued a GBX 990 ($14.10) price target on shares of Pearson plc in a report on Wednesday, October 28th. Liberum Capital reiterated a sell rating and issued a GBX 800 ($11.40) price target on shares of Pearson plc in a report on Wednesday, October 28th. Macquarie reiterated an outperform rating and issued a GBX 950 ($13.53) price target on shares of Pearson plc in a report on Tuesday, November 3rd. Finally, Sanford C. Bernstein reiterated an outperform rating and issued a GBX 1,200 ($17.10) price target on shares of Pearson plc in a report on Tuesday, January 19th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 926.14 ($13.19).

Pearson plc (LON:PSON) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company creates and manages intellectual property, which it promotes and sells to its customers under brand names, to inform, educate and entertain. It operates in three segments: North America, Core and Growth. It has three lines of business corresponding to the key stages of learning: schools, higher education and professional, which includes the Financial Times (FT) Group. It delivers its content in a variety of forms and through a variety of channels, including books, newspapers and online services. The Company offers services, as well as content, from test creation, administration and processing to teacher development and school software. It operates in around 70 countries across the world. Pearson consists of its education business, including the FT Group and around 47% interest in Penguin Random House.

Receive News & Ratings for Pearson plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pearson plc and related companies with MarketBeat.com's FREE daily email newsletter.