Morgan Stanley Lowers Pearson Price Target to GBX 1,150 (PSON)
Research analysts at Morgan Stanley reduced their price target on shares of Pearson (LON:PSON) from GBX 1,225 ($20.11) to GBX 1,150 ($18.88) in a report released on Friday, StockRatingsNetwork reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s target price points to a potential downside of 1.79% from the company’s current price.
Pearson (LON:PSON) traded down 1.68% during mid-day trading on Friday, hitting GBX 1171.00. The stock had a trading volume of 4,899,023 shares. Pearson has a 52-week low of GBX 1090.00 and a 52-week high of GBX 1380.00. The stock’s 50-day moving average is GBX 1300. and its 200-day moving average is GBX 1300.. The company’s market cap is £9.450 billion.
Several other analysts have also recently commented on the stock. Analysts at Nomura cut their price target on shares of Pearson from GBX 1,140 ($18.71) to GBX 1,050 ($17.24) in a research note to investors on Friday. They now have a “reduce” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pearson in a research note to investors on Friday. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Pearson in a research note to investors on Thursday. They now have a GBX 1,332 ($21.86) price target on the stock. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,293.81 ($21.24).
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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