Liberum Capital Reiterates Sell Rating for Pearson (PSON)
Pearson (LON:PSON)‘s stock had its “sell” rating reiterated by equities research analysts at Liberum Capital in a report issued on Tuesday. They presently have a GBX 550 ($7.19) price target on the stock, up from their previous price target of GBX 450 ($5.88). Liberum Capital’s price objective would suggest a potential downside of 39.39% from the company’s current price.
A number of other equities analysts have also issued reports on the company. Credit Suisse Group raised their price target on Pearson from GBX 815 ($10.65) to GBX 880 ($11.50) and gave the stock an “underperform” rating in a report on Monday. Barclays raised their price target on Pearson from GBX 785 ($10.26) to GBX 865 ($11.30) and gave the stock an “underweight” rating in a report on Monday. Goldman Sachs Group raised their price target on Pearson from GBX 624 ($8.15) to GBX 663 ($8.66) and gave the stock a “sell” rating in a report on Monday. Deutsche Bank reissued a “sell” rating on shares of Pearson in a report on Friday, January 11th. Finally, Berenberg Bank reissued a “sell” rating and set a GBX 550 ($7.19) price target on shares of Pearson in a report on Thursday, January 10th. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Pearson currently has an average rating of “Hold” and an average target price of GBX 771.69 ($10.08).
LON PSON opened at GBX 907.40 ($11.86) on Tuesday. Pearson has a 52-week low of GBX 563 ($7.36) and a 52-week high of GBX 775.80 ($10.14).
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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