Pearson (LON:PSON)‘s stock had its “sell” rating reissued by equities researchers at Numis Securities in a report released on Wednesday, October 17th. They presently have a GBX 559 ($7.30) price objective on the stock. Numis Securities’ target price would suggest a potential downside of 39.36% from the company’s previous close.
Several other equities research analysts have also commented on the stock. Liberum Capital reissued a “sell” rating and set a GBX 450 ($5.88) price objective on shares of Pearson in a research note on Tuesday, October 2nd. Berenberg Bank reissued a “sell” rating and set a GBX 550 ($7.19) price objective on shares of Pearson in a research note on Monday, September 10th. Barclays dropped their price objective on shares of Pearson from GBX 835 ($10.91) to GBX 800 ($10.45) and set an “underweight” rating on the stock in a research note on Friday, September 28th. Shore Capital raised shares of Pearson to a “buy” rating in a report on Wednesday, October 17th. Finally, Deutsche Bank reaffirmed a “sell” rating on shares of Pearson in a report on Tuesday, October 2nd. Seven research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 739.15 ($9.66).
LON:PSON traded up GBX 3.80 ($0.05) during mid-day trading on Wednesday, hitting GBX 921.80 ($12.04). 4,734,696 shares of the company’s stock were exchanged, compared to its average volume of 4,520,000. Pearson has a one year low of GBX 563 ($7.36) and a one year 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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