Pearson (LON:PSON) had its price objective raised by Deutsche Bank from GBX 590 ($7.71) to GBX 630 ($8.23) in a note issued to investors on Tuesday. The brokerage currently has a “sell” rating on the stock. Deutsche Bank’s target price would indicate a potential downside of 34.48% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Shore Capital raised shares of Pearson to a “buy” rating in a report on Wednesday, October 17th. JPMorgan Chase & Co. dropped their target price on shares of 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. Liberum Capital reaffirmed a “sell” rating and set a GBX 450 ($5.88) target price on shares of Pearson in a report on Tuesday, October 16th. Berenberg Bank reaffirmed a “sell” rating and set a GBX 550 ($7.19) target price on shares of Pearson in a report on Monday, September 10th. Finally, Numis Securities reaffirmed a “sell” rating and set a GBX 559 ($7.30) target price on shares of Pearson in a report on Wednesday, October 17th. Seven investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 742.23 ($9.70).
Shares of Pearson stock traded down GBX 5 ($0.07) during trading hours on Tuesday, reaching GBX 961.60 ($12.57). 3,286,835 shares of the company’s stock were exchanged, compared to its average volume of 4,520,000. Pearson has a 1 year low of GBX 563 ($7.36) and a 1 year 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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