Pearson PLC Rating Lowered to Neutral at JPMorgan Chase & Co. (PSO)
Pearson PLC (NYSE:PSO) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Pearson PLC from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 15th. They now have a $23.60 price target on the stock. Finally, analysts at Bank of America Corp. upgraded shares of Pearson PLC from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, November 20th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.60.
Pearson PLC (NYSE:PSO) traded down 2.85% during mid-day trading on Monday, hitting $18.73. The stock had a trading volume of 272,775 shares. Pearson PLC has a 52 week low of $17.08 and a 52 week high of $22.40. The stock’s 50-day moving average is $21.30 and its 200-day moving average is $20.7. The company has a market cap of $15.115 billion and a price-to-earnings ratio of 34.37.
Pearson plc (NYSE:PSO) is an international media business covering education, business information and consumer publishing.
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