Pearson PLC Given Average Rating of “Hold” by Analysts (NYSE:PSO)
Shares of Pearson PLC (NYSE:PSO) have been given an average recommendation of “Hold” by the sixteen ratings firms that are currently covering the company, American Banking News reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $23.60.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of Pearson PLC from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Pearson PLC from an “overweight” rating to a “neutral” rating in a research note on Monday, January 27th. Finally, analysts at Zacks downgraded shares of Pearson PLC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 15th. They now have a $23.60 price target on the stock.
Shares of Pearson PLC (NYSE:PSO) traded up 0.27% during mid-day trading on Friday, hitting $18.73. 77,069 shares of the company’s stock traded hands. 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 $20.20 and its 200-day moving average is $20.67. The company has a market cap of $15.115 billion and a price-to-earnings ratio of 33.30.
Pearson plc (NYSE:PSO) is an international media business covering education, business information and consumer publishing.
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