Pearson Rating Reiterated by Credit Suisse (PSON)
Pearson (LON:PSON)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse in a research note issued to investors on Thursday, Stock Ratings Network.com reports. They currently have a GBX 1,530 ($25.21) target price on the stock. Credit Suisse’s price objective suggests a potential upside of 18.51% from the stock’s previous close.
Shares of Pearson (LON:PSON) traded down 1.53% during mid-day trading on Thursday, hitting GBX 1291.00. 1,357,295 shares of the company’s stock traded hands. Pearson has a 52 week low of GBX 1090.00 and a 52 week high of GBX 1380.00. The stock has a 50-day moving average of GBX 1313. and a 200-day moving average of GBX 1298.. The company’s market cap is £10.418 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd raised their price target on shares of Pearson from GBX 1,297 ($21.37) to GBX 1,332 ($21.95) in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Pearson in a research note to investors on Thursday, January 9th. They now have a GBX 1,225 ($20.19) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of Pearson in a research note to investors on Wednesday, January 8th. They now have a GBX 1,200 ($19.78) price target on the stock. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. Pearson has a consensus rating of “Hold” and an average target price of GBX 1,332.28 ($21.96).
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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