Liberum Capital Reiterates “Sell” Rating for Pearson (PSON)
A number of other research analysts have also recently issued reports on PSON. Berenberg Bank reaffirmed a sell rating and issued a GBX 550 ($7.19) price target on shares of Pearson in a report on Monday, September 3rd. Barclays cut their price target on Pearson from GBX 835 ($10.91) to GBX 800 ($10.45) and set an underweight rating for the company in a report on Friday, September 28th. Deutsche Bank reissued a sell rating on shares of Pearson in a report on Tuesday, October 2nd. Shore Capital reissued a hold rating on shares of Pearson in a report on Tuesday, October 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Pearson from GBX 900 ($11.76) to GBX 890 ($11.63) and set a neutral rating for the company in a report on Wednesday, October 17th. Seven investment 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’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 742.23 ($9.70).
Pearson stock opened at GBX 912.20 ($11.92) on Wednesday. Pearson has a 12-month low of GBX 563 ($7.36) and a 12-month 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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