UBS Group upgraded shares of Pearson (LON:PSON) to a buy rating in a research report released on Friday morning, ThisIsMoney.Co.Uk reports. The firm currently has GBX 1,000 ($13.07) target price on the stock, up from their prior target price of GBX 915 ($11.96).
A number of other brokerages have also commented on PSON. Goldman Sachs Group increased their price objective on shares of Pearson from GBX 683 ($8.92) to GBX 696 ($9.09) and gave the stock a sell rating in a report on Tuesday, August 6th. Shore Capital reissued a buy rating on shares of Pearson in a report on Friday, August 2nd. JPMorgan Chase & Co. set a GBX 1,115 ($14.57) price objective on shares of Pearson and gave the stock a buy rating in a report on Wednesday, August 28th. Liberum Capital reissued a sell rating on shares of Pearson in a report on Friday, July 26th. Finally, Barclays increased their price objective on shares of Pearson from GBX 790 ($10.32) to GBX 795 ($10.39) and gave the stock an underweight rating in a report on Tuesday, July 30th. Six analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 780 ($10.19).
Shares of Pearson stock opened at GBX 871.40 ($11.39) on Friday. Pearson has a 12 month low of GBX 764 ($9.98) and a 12 month high of GBX 1,030 ($13.46). The business’s 50-day moving average price is GBX 844.38 and its 200-day moving average price is GBX 832.44. The company has a current ratio of 1.95, a quick ratio of 1.20 and a debt-to-equity ratio of 48.18. The firm has a market capitalization of $6.81 billion and a PE ratio of 15.13.
The firm also recently announced a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 15th were given a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 0.64%. Pearson’s payout ratio is presently 0.21%.
In other Pearson news, insider Elizabeth Corley bought 1,736 shares of the business’s stock in a transaction on Friday, June 28th. The shares were bought at an average cost of GBX 816 ($10.66) per share, for a total transaction of £14,165.76 ($18,510.07). Also, insider Coram Williams sold 13,666 shares of the company’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of GBX 824 ($10.77), for a total transaction of £112,607.84 ($147,142.09).
Pearson Company Profile
Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through North America, Core, and Growth segments. It offers courseware services, including curriculum materials provided in book form and/or through access to digital content; and assessments, such as test development, processing, and scoring services.
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