Pearson’s (PSON) Buy Rating Reiterated at Citigroup

Pearson (LON:PSON)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup in a research note issued on Monday, MarketBeat.com reports. They currently have a GBX 1,170 ($14.99) price target on the stock. Citigroup’s price objective would suggest a potential upside of 15.84% from the company’s previous close.

A number of other brokerages have also recently issued reports on PSON. JPMorgan Chase & Co. boosted their price objective on shares of Pearson from GBX 1,200 ($15.37) to GBX 1,220 ($15.63) and gave the company an “overweight” rating in a report on Wednesday, March 20th. Shore Capital restated a “buy” rating on shares of Pearson in a report on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Pearson from GBX 1,050 ($13.45) to GBX 1,052 ($13.48) and gave the company a “hold” rating in a report on Friday, July 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,101.75 ($14.11).

Pearson Trading Up 0.2 %

Shares of LON PSON opened at GBX 1,010 ($12.94) on Monday. Pearson has a 1-year low of GBX 809.60 ($10.37) and a 1-year high of GBX 1,046.50 ($13.40). The company has a market cap of £6.78 billion, a PE ratio of 1,905.66, a P/E/G ratio of 0.83 and a beta of 0.32. The company has a current ratio of 1.73, a quick ratio of 1.07 and a debt-to-equity ratio of 30.19. The company has a 50-day moving average of GBX 968.58 and a two-hundred day moving average of GBX 979.47.

Insider Activity

In related news, insider Annette Thomas purchased 383 shares of Pearson stock in a transaction dated Friday, June 28th. The stock was bought at an average price of GBX 985 ($12.62) per share, for a total transaction of £3,772.55 ($4,832.27). Corporate insiders own 0.28% of the company’s stock.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.