Pearson (LON:PSON) Receives Overweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Pearson (LON:PSON) in a report released on Monday, Digital Look reports. The firm currently has a GBX 1,115 ($14.57) target price on the stock.

Other research analysts have also recently issued reports about the company. Barclays upped their price objective on Pearson from GBX 790 ($10.32) to GBX 795 ($10.39) and gave the company an underweight rating in a report on Tuesday, July 30th. Berenberg Bank reiterated a buy rating on shares of Pearson in a report on Thursday, August 1st. Citigroup upped their price objective on Pearson from GBX 975 ($12.74) to GBX 1,050 ($13.72) and gave the company a buy rating in a report on Tuesday, July 30th. Shore Capital reiterated a buy rating on shares of Pearson in a report on Friday. Finally, Liberum Capital reiterated a sell rating on shares of Pearson in a report on Friday, July 26th. Six analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 771.50 ($10.08).

PSON opened at GBX 817.60 ($10.68) on Monday. Pearson has a one year low of GBX 764 ($9.98) and a one year high of GBX 1,030 ($13.46). The firm has a market capitalization of $6.43 billion and a PE ratio of 14.19. The firm has a 50 day simple moving average of GBX 851.71. The company has a quick ratio of 1.20, a current ratio of 1.95 and a debt-to-equity ratio of 48.18.

The company 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 yield of 0.64%. The ex-dividend date of this dividend is Thursday, August 15th. Pearson’s dividend payout ratio (DPR) is 0.21%.

In other news, insider Coram Williams sold 13,666 shares of the stock in a transaction on Wednesday, June 19th. The stock was 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 acquired 1,736 shares of Pearson stock in a transaction dated Friday, June 28th. The stock was bought 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.

Further Reading: Earnings Per Share

Analyst Recommendations for Pearson (LON:PSON)

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.