Pearson Price Target Cut to GBX 815 (PSON)
Liberum Capital reduced their price target on shares of Pearson (LON:PSON) from GBX 1,050 ($17.30) to GBX 815 ($13.43) in a research note issued on Tuesday, Analyst Ratings Net reports. The firm currently has a “sell” rating on the stock. Liberum Capital’s target price points to a potential downside of 27.56% from the stock’s previous close.
A number of other firms have also recently commented on PSON. Analysts at JPMorgan Chase & Co. downgraded shares of Pearson to a “neutral” rating in a research note to investors on Monday. They now have a GBX 1,250 ($20.60) price target on the stock, down previously from GBX 1,490 ($24.55). Separately, analysts at Citigroup Inc. upgraded shares of Pearson to a “buy” rating in a research note to investors on Monday. They now have a GBX 1,350 ($22.24) price target on the stock, up previously from GBX 1,300 ($21.42). Finally, 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. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Pearson currently has an average rating of “Hold” and an average price target of GBX 1,284.13 ($21.16).
Pearson (LON:PSON) traded down 0.09% on Tuesday, hitting GBX 1125.00. 3,688,277 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 1291. and a 200-day moving average of GBX 1300.. The company’s market cap is £9.079 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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