Berenberg Bank reiterated their sell rating on shares of Pearson (LON:PSON) in a research report released on Thursday morning. Berenberg Bank currently has a GBX 550 ($7.19) target price on the stock.
Several other research firms have also weighed in on PSON. Liberum Capital restated a sell rating and set a GBX 450 ($5.88) target price on shares of Pearson in a report on Tuesday, October 30th. Shore Capital lowered Pearson to a hold rating in a report on Friday, November 23rd. Deutsche Bank raised their target price on Pearson from GBX 590 ($7.71) to GBX 630 ($8.23) and gave the company a sell rating in a report on Tuesday, December 4th. JPMorgan Chase & Co. cut their target price on Pearson from GBX 900 ($11.76) to GBX 890 ($11.63) and set a neutral rating on the stock in a report on Wednesday, October 17th. Finally, Numis Securities restated a sell rating and set a GBX 559 ($7.30) target price on shares of Pearson in a report on Wednesday, October 17th. Seven analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Pearson has a consensus rating of Hold and a consensus price target of GBX 742.23 ($9.70).
LON PSON traded up GBX 6 ($0.08) during trading on Thursday, hitting GBX 1,027.50 ($13.43). 3,280,418 shares of the company traded hands, compared to its average volume of 4,520,000. Pearson has a 12 month low of GBX 563 ($7.36) and a 12 month high of GBX 775.80 ($10.14).
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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