Pearson plc Lowered to Sell at Goldman Sachs (PSON)
Pearson plc (LON:PSON) was downgraded by investment analysts at Goldman Sachs to a “sell” rating in a note issued to investors on Thursday. They currently have a GBX 1,130 ($19.00) price target on the stock, up from their previous price target of GBX 1,080 ($18.16). Goldman Sachs’ price target would indicate a potential upside of 0.27% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of Pearson plc in a research note on Wednesday, June 4th. They now have a GBX 1,030 ($17.32) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Pearson plc in a research note on Tuesday, May 6th. They now have a GBX 1,260 ($21.18) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of Pearson plc in a research note on Monday, April 28th. They now have a GBX 1,022 ($17.18) price target on the stock. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,197.43 ($20.13).
Pearson plc (LON:PSON) traded up 0.18% on Thursday, hitting GBX 1129.00. The stock had a trading volume of 1,539,268 shares. Pearson plc has a 52 week low of GBX 981.0001 and a 52 week high of GBX 1380.00. The stock’s 50-day moving average is GBX 1129. and its 200-day moving average is GBX 1155.. The company’s market cap is £9.137 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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