Pearson (LON:PSON) was upgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating in a report issued on Friday, March 22nd, ThisIsMoney.Co.Uk reports. The brokerage presently has a GBX 1,050 ($13.72) target price on the stock, up from their previous target price of GBX 850 ($11.11). JPMorgan Chase & Co.‘s target price would suggest a potential upside of 25.63% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. UBS Group began coverage on shares of Pearson in a research note on Thursday, March 7th. They set a “neutral” rating and a GBX 850 ($11.11) price objective on the stock. Liberum Capital reiterated a “sell” rating on shares of Pearson in a report on Wednesday, March 6th. Barclays cut their target price on shares of Pearson from GBX 830 ($10.85) to GBX 805 ($10.52) and set an “underweight” rating on the stock in a report on Tuesday, February 26th. Berenberg Bank reiterated a “sell” rating and issued a GBX 600 ($7.84) target price on shares of Pearson in a report on Monday, February 25th. Finally, Deutsche Bank reiterated a “sell” rating and issued a GBX 650 ($8.49) target price on shares of Pearson in a report on Monday, February 25th. Seven research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 756.45 ($9.88).
Shares of PSON traded down GBX 2.20 ($0.03) during trading hours on Friday, reaching GBX 835.80 ($10.92). 1,632,766 shares of the company traded hands, compared to its average volume of 4,520,000. The firm has a market capitalization of $6.50 billion and a P/E ratio of 11.07. The company has a debt-to-equity ratio of 17.22, a quick ratio of 0.77 and a current ratio of 1.58. Pearson has a 1-year low of GBX 758.60 ($9.91) and a 1-year high of GBX 1,030 ($13.46).
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.
Featured Article: What Are Treasury Bonds?
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.