Pearson Price Target Cut to GBX 1,410 (PSON)
Equities research analysts at Credit Suisse decreased their price target on shares of Pearson (LON:PSON) from GBX 1,530 ($25.11) to GBX 1,410 ($23.15) in a research note issued to investors on Friday, AR Network reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target would suggest a potential upside of 20.41% from the stock’s previous close.
Shares of Pearson (LON:PSON) traded down 1.68% during mid-day trading on Friday, hitting GBX 1171.00. 4,899,023 shares of the company’s stock traded hands. Pearson has a 1-year low of GBX 1090.00 and a 1-year 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 Morgan Stanley cut their price target on shares of Pearson from GBX 1,225 ($20.11) to GBX 1,150 ($18.88) in a research note to investors on Friday. They now have an “underweight” rating on the stock. Separately, 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. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pearson in a research note to investors on Friday. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Pearson presently has a consensus 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.
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.