Pearson (LON:PSON) had its target price reduced by JPMorgan Chase & Co. from GBX 900 ($11.76) to GBX 890 ($11.63) in a research report released on Wednesday. They currently have a neutral rating on the stock.
Several other analysts also recently weighed in on the company. Berenberg Bank restated a sell rating and issued a GBX 550 ($7.19) price objective on shares of Pearson in a report on Monday, September 10th. Liberum Capital reiterated a sell rating and issued a GBX 450 ($5.88) target price on shares of Pearson in a report on Tuesday, October 2nd. Barclays reduced their target price on shares of Pearson from GBX 835 ($10.91) to GBX 800 ($10.45) and set an underweight rating for the company in a report on Friday, September 28th. Citigroup reiterated a buy rating on shares of Pearson in a report on Wednesday, July 25th. Finally, Deutsche Bank reiterated a sell rating on shares of Pearson in a report on Tuesday, October 2nd. Seven equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 741.69 ($9.69).
PSON stock opened at GBX 874.80 ($11.43) on Wednesday. Pearson has a 1-year low of GBX 563 ($7.36) and a 1-year high of GBX 775.80 ($10.14).
Pearson (LON:PSON) last released its quarterly earnings data on Friday, July 27th. The company reported GBX 8.20 ($0.11) earnings per share for the quarter, beating the consensus estimate of GBX 5.90 ($0.08) by GBX 2.30 ($0.03). Pearson had a return on equity of 21.22% and a net margin of 17.23%.
Pearson Company Profile
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.
See Also: What Does Beta Mean In Stock Selection
Receive News & Ratings for Pearson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pearson and related companies with MarketBeat.com's FREE daily email newsletter.