Pearson’s (PSON) “Sell” Rating Reaffirmed at Berenberg Bank
Pearson (LON:PSON)‘s stock had its “sell” rating reissued by analysts at Berenberg Bank in a report issued on Wednesday. They presently have a GBX 490 ($6.64) price target on the stock. Berenberg Bank’s price target indicates a potential downside of 33.62% from the company’s previous close.
Several other research firms also recently issued reports on PSON. Liberum Capital restated a “sell” rating and issued a GBX 330 ($4.48) price objective on shares of Pearson in a research note on Thursday, December 14th. JPMorgan Chase & Co. upped their price objective on shares of Pearson from GBX 671 ($9.10) to GBX 740 ($10.04) and gave the company a “neutral” rating in a research note on Thursday, December 7th. Deutsche Bank restated a “sell” rating and issued a GBX 500 ($6.78) price objective on shares of Pearson in a research note on Monday, December 4th. Kepler Capital Markets restated a “hold” rating and issued a GBX 725 ($9.83) price objective on shares of Pearson in a research note on Monday, November 20th. Finally, Numis Securities upped their target price on shares of Pearson from GBX 490 ($6.64) to GBX 507 ($6.88) and gave the company a “sell” rating in a report on Friday, October 20th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Pearson presently has an average rating of “Hold” and an average price target of GBX 670.56 ($9.09).
Pearson (PSON) opened at GBX 738.20 ($10.01) on Wednesday. Pearson has a 12 month low of GBX 552 ($7.49) and a 12 month high of GBX 823.50 ($11.17). The stock has a market cap of $5,910.00 and a price-to-earnings ratio of -281.76.
In other news, insider Tim Score purchased 2,141 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average cost of GBX 736 ($9.98) per share, with a total value of £15,757.76 ($21,369.35).
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Pearson Company Profile
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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