Pearson PLC Stock Rating Lowered by Zacks (PSO)
Pearson PLC (NYSE:PSO) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, AR Network reports. They currently have a $23.60 price target on the stock. Zacks‘ target price indicates a potential upside of 8.86% from the stock’s previous close.
Pearson PLC (NYSE:PSO) traded down 0.78% during mid-day trading on Wednesday, hitting $21.51. 182,588 shares of the company’s stock traded hands. Pearson PLC has a 1-year low of $17.08 and a 1-year high of $22.40. The stock’s 50-day moving average is $21.54 and its 200-day moving average is $20.65. The company has a market cap of $17.359 billion and a P/E ratio of 38.65.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. upgraded shares of Pearson PLC from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, November 20th. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Pearson PLC from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, November 5th. Finally, analysts at Kepler Capital Markets upgraded shares of Pearson PLC from a “reduce” rating to a “hold” rating in a research note to investors on Friday, October 18th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.95.
Pearson plc (NYSE:PSO) is an international media business covering education, business information and consumer publishing.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.