Pearson (LON:PSON) was upgraded by stock analysts at Deutsche Bank to a “hold” rating in a report released on Monday, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 600 ($7.84) price objective on the stock, down from their prior price objective of GBX 650 ($8.49). Deutsche Bank’s price objective would suggest a potential downside of 11.01% from the stock’s previous close.
Several other analysts have also recently issued reports on PSON. UBS Group reiterated a “buy” rating and issued a GBX 900 ($11.76) target price (down from GBX 1,000 ($13.07)) on shares of Pearson in a research note on Friday, September 27th. Credit Suisse Group lowered their target price 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. Goldman Sachs Group increased their target price 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. Liberum Capital reiterated a “sell” rating on shares of Pearson in a research note on Thursday, September 26th. Finally, Citigroup increased their target price 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 analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 778.44 ($10.17).
LON 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 debt-to-equity ratio of 48.18, a current ratio of 1.95 and a quick ratio of 1.20. The stock has a market capitalization of $5.28 billion and a PE ratio of 11.70. The company’s 50 day simple moving average is GBX 774.18 and its two-hundred day simple moving average is GBX 815.28.
In related news, insider Graeme Pitkethly acquired 285 shares of the stock in a transaction dated Monday, September 30th. The shares were purchased at an average price of GBX 736 ($9.62) per share, for a total transaction of £2,097.60 ($2,740.89).
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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