Pearson (LON:PSON) was upgraded by research analysts at Deutsche Bank to a “hold” rating in a note issued to investors on Monday, ThisIsMoney.Co.Uk reports. The brokerage presently has a GBX 600 ($7.84) price target on the stock, down from their previous price target of GBX 650 ($8.49). Deutsche Bank’s target price suggests a potential downside of 11.01% from the stock’s current price.
Several other equities research analysts have also commented on PSON. Shore Capital lowered shares of Pearson to a “hold” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. set a GBX 1,115 ($14.57) price objective on shares of Pearson and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Goldman Sachs Group boosted their price objective on shares of Pearson from GBX 683 ($8.92) to GBX 696 ($9.09) and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Credit Suisse Group dropped their price objective on shares of Pearson from GBX 785 ($10.26) to GBX 680 ($8.89) and set an “underperform” rating on the stock in a research note on Thursday, October 17th. Finally, Citigroup boosted their price objective on shares of Pearson from GBX 975 ($12.74) to GBX 1,050 ($13.72) and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 778.44 ($10.17).
Shares of PSON opened at GBX 674.20 ($8.81) on Monday. Pearson has a 1-year low of GBX 675 ($8.82) and a 1-year high of GBX 1,030 ($13.46). The company has a current ratio of 1.95, a quick ratio of 1.20 and a debt-to-equity ratio of 48.18. The firm’s 50-day moving average price is GBX 774.18 and its 200-day moving average price is GBX 815.28. The firm has a market capitalization of $5.28 billion and a price-to-earnings ratio of 11.70.
In other Pearson news, insider Graeme Pitkethly acquired 285 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average price of GBX 736 ($9.62) per share, with a total value of £2,097.60 ($2,740.89).
Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through North America, Core, and Growth segments. It offers courseware services, including curriculum materials provided in book form and/or through access to digital content; and assessments, such as test development, processing, and scoring services.
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