Pearson (LON:PSON) had its price target hoisted by Credit Suisse Group from GBX 533 ($7.01) to GBX 535 ($7.04) in a research report released on Monday, Stock Target Advisor reports. Credit Suisse Group currently has an underperform rating on the stock.
Several other analysts have also recently issued reports on the company. Berenberg Bank reaffirmed a sell rating and set a GBX 525 ($6.91) target price on shares of Pearson in a research report on Monday, January 13th. Shore Capital reaffirmed a hold rating on shares of Pearson in a research report on Tuesday, February 11th. Deutsche Bank dropped their target price on Pearson from GBX 600 ($7.89) to GBX 500 ($6.58) and set a hold rating on the stock in a research report on Friday, January 24th. Citigroup reaffirmed a buy rating on shares of Pearson in a research report on Wednesday, February 19th. Finally, Morgan Stanley dropped their target price on Pearson from GBX 675 ($8.88) to GBX 655 ($8.62) and set an equal weight rating on the stock in a research report on Thursday, December 5th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 625.91 ($8.23).
PSON opened at GBX 570.20 ($7.50) on Monday. The stock’s fifty day moving average is GBX 584.05 and its two-hundred day moving average is GBX 688.70. The company has a market capitalization of $4.57 billion and a P/E ratio of 16.77. Pearson has a 52 week low of GBX 6.87 ($0.09) and a 52 week high of GBX 951.20 ($12.51). The company has a quick ratio of 1.15, a current ratio of 2.13 and a debt-to-equity ratio of 39.39.
The business also recently announced a dividend, which will be paid on Thursday, May 7th. Shareholders of record on Thursday, March 26th will be given a dividend of GBX 13.50 ($0.18) per share. This represents a yield of 2.4%. The ex-dividend date is Thursday, March 26th. This is a boost from Pearson’s previous dividend of $6.00. Pearson’s dividend payout ratio (DPR) is 0.59%.
Pearson Company Profile
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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