Goldman Sachs Group Raises Pearson (PSON) Price Target to GBX 663

Pearson (LON:PSON) had its price objective raised by analysts at Goldman Sachs Group from GBX 624 ($8.15) to GBX 663 ($8.66) in a research report issued to clients and investors on Monday. The firm currently has a “sell” rating on the stock. Goldman Sachs Group’s price target indicates a potential downside of 33.80% from the stock’s current price.

Several other brokerages also recently commented on PSON. Deutsche Bank reaffirmed a “sell” rating on shares of Pearson in a research report on Friday. Berenberg Bank reiterated a “sell” rating and issued a GBX 550 ($7.19) target price on shares of Pearson in a report on Thursday. Kepler Capital Markets reiterated a “hold” rating on shares of Pearson in a report on Thursday, December 6th. Liberum Capital reiterated a “sell” rating and issued a GBX 450 ($5.88) target price on shares of Pearson in a report on Wednesday, December 5th. Finally, Shore Capital cut Pearson to a “hold” rating in a report on Friday, November 23rd. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 761.69 ($9.95).

LON PSON opened at GBX 1,001.50 ($13.09) on Monday. Pearson has a 12 month low of GBX 563 ($7.36) and a 12 month high of GBX 775.80 ($10.14).

About Pearson

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

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