Pearson (LON:PSON) was downgraded by analysts at Barclays to an “underweight” rating in a research report issued on Thursday. They currently have a GBX 815 ($10.85) target price on the stock, down from their previous target price of GBX 855 ($11.38). Barclays’ price target suggests a potential downside of 9.06% from the company’s previous close.
Several other brokerages have also recently weighed in on PSON. Liberum Capital reissued a “sell” rating on shares of Pearson in a research note on Thursday, May 24th. Credit Suisse Group boosted their price objective on Pearson from GBX 700 ($9.32) to GBX 850 ($11.32) and gave the stock a “neutral” rating in a research note on Wednesday, May 9th. Shore Capital reissued a “hold” rating and set a GBX 830 ($11.05) price objective on shares of Pearson in a research note on Friday, May 4th. Morgan Stanley boosted their price objective on Pearson from GBX 615 ($8.19) to GBX 785 ($10.45) and gave the stock an “equal weight” rating in a research note on Friday, March 9th. Finally, Numis Securities reissued a “sell” rating and set a GBX 559 ($7.44) price objective on shares of Pearson in a research note on Friday, February 23rd. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Pearson presently has an average rating of “Hold” and a consensus target price of GBX 706 ($9.40).
Shares of Pearson opened at GBX 896.20 ($11.93) on Thursday, according to MarketBeat. Pearson has a 1-year low of GBX 563 ($7.50) and a 1-year high of GBX 775.80 ($10.33).
In other Pearson news, insider Lincoln Wallen bought 63 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were purchased at an average price of GBX 924 ($12.30) per share, with a total value of £582.12 ($775.02).
Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.
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