Citigroup Raises Pearson (LON:PSON) Price Target to GBX 1,050

Pearson (LON:PSON) had its price target boosted by Citigroup from GBX 975 ($12.74) to GBX 1,050 ($13.72) in a report published on Tuesday, ThisIsMoney.Co.Uk reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on PSON. Liberum Capital reiterated a sell rating on shares of Pearson in a research report on Friday, July 26th. Credit Suisse Group decreased their price target on shares of Pearson from GBX 800 ($10.45) to GBX 785 ($10.26) and set an underperform rating on the stock in a research note on Thursday, May 2nd. Barclays reissued an underweight rating and set a GBX 805 ($10.52) price target on shares of Pearson in a research note on Thursday, April 4th. Deutsche Bank reissued a sell rating on shares of Pearson in a research note on Friday, July 12th. Finally, UBS Group reissued a neutral rating and set a GBX 915 ($11.96) price target (up from GBX 870 ($11.37)) on shares of Pearson in a research note on Monday. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 770.10 ($10.06).

PSON traded down GBX 20.40 ($0.27) during trading on Tuesday, hitting GBX 829 ($10.83). 2,517,194 shares of the company traded hands, compared to its average volume of 4,520,000. The firm has a market capitalization of $6.48 billion and a price-to-earnings ratio of 14.39. The firm’s fifty day moving average price is GBX 849.67. The company has a current ratio of 1.95, a quick ratio of 1.20 and a debt-to-equity ratio of 48.18. Pearson has a one year low of GBX 764 ($9.98) and a one year high of GBX 1,030 ($13.46).

The firm also recently declared a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 15th will be paid a dividend of GBX 6 ($0.08) per share. This represents a dividend yield of 0.64%. The ex-dividend date is Thursday, August 15th. Pearson’s dividend payout ratio (DPR) is presently 0.21%.

In other news, insider Coram Williams sold 13,666 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of GBX 824 ($10.77), for a total value of £112,607.84 ($147,142.09). Also, insider Elizabeth Corley bought 1,736 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was purchased at an average price of GBX 816 ($10.66) per share, for a total transaction of £14,165.76 ($18,510.07).

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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Analyst Recommendations for Pearson (LON:PSON)

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