Pearson Price Target Cut to GBX 1,050 (PSON)
Analysts at HSBC lowered their price target on shares of Pearson (LON:PSON) from GBX 1,100 ($18.08) to GBX 1,050 ($17.26) in a research report issued to clients and investors on Monday, Stock Ratings News reports. The firm currently has an “underweight” rating on the stock. HSBC’s price objective suggests a potential downside of 5.15% from the stock’s previous close.
A number of other firms have also recently commented on PSON. Analysts at Liberum Capital cut their price target on shares of Pearson from GBX 1,050 ($17.26) to GBX 815 ($13.39) in a research note to investors on Tuesday, January 28th. They now have a “sell” rating on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Pearson to a “neutral” rating in a research note to investors on Monday, January 27th. They now have a GBX 1,250 ($20.54) price target on the stock, down previously from GBX 1,490 ($24.49). Finally, analysts at Citigroup Inc. upgraded shares of Pearson to a “buy” rating in a research note to investors on Monday, January 27th. They now have a GBX 1,350 ($22.19) price target on the stock, up previously from GBX 1,300 ($21.36). Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,281.96 ($21.07).
Pearson (LON:PSON) traded down 0.45% during mid-day trading on Monday, hitting GBX 1107.00. 2,263,103 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 1272. and its 200-day moving average is GBX 1296.. The company’s market cap is £8.933 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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