Morgan Stanley Reiterates Underweight Rating for Pearson (PSON)
Pearson (LON:PSON)‘s stock had its “underweight” rating reiterated by stock analysts at Morgan Stanley in a report issued on Thursday, AnalystRatings.Net reports. They currently have a GBX 1,225 ($20.09) price objective on the stock. Morgan Stanley’s price objective would suggest a potential downside of 5.70% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank reiterated a “hold” rating on shares of Pearson in a research note to investors on Wednesday. They now have a GBX 1,200 ($19.68) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Pearson in a research note to investors on Tuesday. They now have a GBX 1,550 ($25.42) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Pearson in a research note to investors on Monday. They now have a GBX 1,400 ($22.96) price target on the stock. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,330.62 ($21.82).
Shares of Pearson (LON:PSON) opened at 1304.00 on Thursday. Pearson has a 1-year low of GBX 1090.00 and a 1-year high of GBX 1380.00. The stock has a 50-day moving average of GBX 1318. and a 200-day moving average of GBX 1293.06. The company’s market cap is £10.523 billion.
Pearson plc, (LON:PSON) is an international media and education company with its principal operations in the education, business information and consumer publishing markets.
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