Citigroup Inc. Upgrades Pearson to Buy (PSON)
Pearson (LON:PSON) was upgraded by Citigroup Inc. to a “buy” rating in a research note issued on Monday, American Banking and Market News reports. The firm currently has a GBX 1,350 ($22.24) price target on the stock, up from their previous price target of GBX 1,300 ($21.42). Citigroup Inc.’s target price would indicate a potential upside of 19.89% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale cut their price target on shares of Pearson from GBX 1,300 ($21.42) to GBX 1,200 ($19.77) in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Pearson in a research note to investors on Friday. They now have a GBX 1,500 ($24.72) price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Pearson from GBX 1,530 ($25.21) to GBX 1,410 ($23.23) in a research note to investors on Friday. They now have an “outperform” rating on the stock. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Pearson currently has an average rating of “Hold” and an average target price of GBX 1,294.35 ($21.33).
Pearson (LON:PSON) traded down 3.84% during mid-day trading on Monday, hitting GBX 1126.00. The stock had a trading volume of 4,195,769 shares. 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 1296. and a 200-day moving average of GBX 1300.. The company’s market cap is £9.087 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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