Pearson plc Upgraded by Morgan Stanley to Equal Weight (PSON)
Pearson plc (LON:PSON) was upgraded by analysts at Morgan Stanley to an “equal weight” rating in a research report issued to clients and investors on Monday. The firm currently has a GBX 1,100 ($18.72) price objective on the stock, up from their previous price objective of GBX 990 ($16.85). Morgan Stanley’s target price points to a potential downside of 1.70% from the stock’s previous close.
Shares of Pearson plc (LON:PSON) traded down 0.18% on Monday, hitting GBX 1117.00. The stock had a trading volume of 1,129,573 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 1136. and its 200-day moving average is GBX 1147.. The company’s market cap is £9.040 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “sell” rating on shares of Pearson plc in a research note on Friday. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Pearson plc in a research note on Friday, June 13th. They now have a GBX 1,300 ($22.12) price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Pearson plc to a “sell” rating in a research note on Thursday, June 12th. They now have a GBX 1,130 ($19.23) price target on the stock, up previously from GBX 1,080 ($18.38). Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,195.05 ($20.34).
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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