Pearson’s “Hold” Rating Reaffirmed at Jefferies Group (PSON)
Pearson (LON:PSON)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group in a research note issued to investors on Thursday, Analyst RN reports. They currently have a GBX 1,128 ($18.52) target price on the stock. Jefferies Group’s target price suggests a potential downside of 5.29% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Pearson in a research note to investors on Tuesday. They now have a GBX 1,000 ($16.41) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Pearson in a research note to investors on Thursday, January 16th. They now have a GBX 1,530 ($25.11) price target on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of Pearson from GBX 1,297 ($21.29) to GBX 1,332 ($21.86) in a research note to investors on Monday, January 13th. They now have a “hold” rating on the stock. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 1,312.14 ($21.54).
Shares of Pearson (LON:PSON) traded down 9.15% during mid-day trading on Thursday, hitting GBX 1191.00. 8,300,362 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 1303. and a 200-day moving average of GBX 1301.. The company’s market cap is £9.611 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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