Pearson (PSON) Price Target Raised to GBX 1,065
Pearson (LON:PSON) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from GBX 1,050 ($13.72) to GBX 1,065 ($13.92) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 32.59% from the company’s previous close.
Several other analysts have also recently issued reports on PSON. Barclays restated an “underweight” rating and set a GBX 805 ($10.52) target price on shares of Pearson in a research report on Thursday, April 4th. Liberum Capital restated a “sell” rating on shares of Pearson in a research report on Thursday, May 9th. Berenberg Bank restated a “sell” rating and set a GBX 600 ($7.84) target price on shares of Pearson in a research report on Monday, February 25th. Goldman Sachs Group upped their target price on shares of Pearson from GBX 663 ($8.66) to GBX 682 ($8.91) and gave the company a “sell” rating in a research report on Tuesday, February 19th. Finally, Shore Capital restated a “hold” rating on shares of Pearson in a research report on Monday, February 18th. Seven investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 741.10 ($9.68).
Shares of PSON stock opened at GBX 803.20 ($10.50) on Tuesday. The company has a debt-to-equity ratio of 17.22, a quick ratio of 0.77 and a current ratio of 1.58. The firm has a market capitalization of $6.25 billion and a price-to-earnings ratio of 10.64. Pearson has a 52 week low of GBX 764.80 ($9.99) and a 52 week high of GBX 1,030 ($13.46).
In related news, insider Coram Williams sold 22,367 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of GBX 814 ($10.64), for a total value of £182,067.38 ($237,903.28).
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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