UBS AG Reiterates “Buy” Rating for Pearson (PSON)
Pearson (LON:PSON)‘s stock had its “buy” rating restated by research analysts at UBS AG in a report released on Friday, American Banking News reports. They currently have a GBX 1,500 ($24.62) price target on the stock. UBS AG’s price objective would indicate a potential upside of 28.10% from the company’s current price.
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 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 1300. and a 200-day moving average of GBX 1300.. The company’s market cap is £9.450 billion.
A number of other analysts have also recently weighed in on PSON. Analysts at Credit Suisse cut their price target on shares of Pearson from GBX 1,530 ($25.11) to GBX 1,410 ($23.15) in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average 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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