Liberum Capital Reaffirms “Sell” Rating for Pearson plc (PSON)
Pearson plc (LON:PSON)‘s stock had its “sell” rating reiterated by Liberum Capital in a research note issued to investors on Friday. They presently have a GBX 330 ($4.26) target price on the stock. Liberum Capital’s price objective indicates a potential downside of 43.69% from the company’s current price.
Several other research firms have also recently commented on PSON. Berenberg Bank reiterated a “sell” rating and set a GBX 490 ($6.33) price target on shares of Pearson plc in a report on Tuesday, August 22nd. Credit Suisse Group lowered their price target on shares of Pearson plc from GBX 830 ($10.72) to GBX 785 ($10.14) and set a “neutral” rating for the company in a report on Sunday, May 14th. Kepler Capital Markets cut shares of Pearson plc to a “hold” rating and set a GBX 725 ($9.36) price target for the company. in a report on Thursday, May 11th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a GBX 495 ($6.39) price target on shares of Pearson plc in a report on Thursday, July 13th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a GBX 600 ($7.75) price target on shares of Pearson plc in a report on Monday, May 15th. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 680.33 ($8.79).
Pearson plc (LON:PSON) traded down 1.68% during midday trading on Friday, reaching GBX 586.00. 1,570,552 shares of the company were exchanged. Pearson plc has a 52 week low of GBX 552.00 and a 52 week high of GBX 838.00. The firm has a 50-day moving average price of GBX 625.65 and a 200-day moving average price of GBX 661.90. The company’s market capitalization is GBX 4.78 billion.
Pearson plc (LON:PSON) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. Pearson plc had a negative net margin of 0.78% and a negative return on equity of 0.82%. Equities research analysts anticipate that Pearson plc will post $48.31 earnings per share for the current fiscal year.
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In other news, insider Lincoln Wallen acquired 581 shares of the company’s stock in a transaction on Friday, June 30th. The shares were bought at an average cost of GBX 697 ($9.00) per share, with a total value of £4,049.57 ($5,229.98).
About Pearson plc
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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