Pearson (PSON) PT Raised to GBX 785 at Morgan Stanley
Pearson (LON:PSON) had its price objective boosted by equities researchers at Morgan Stanley from GBX 615 ($8.50) to GBX 785 ($10.85) in a research note issued on Friday. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 4.47% from the company’s current price.
Several other equities analysts have also issued reports on PSON. Liberum Capital restated a “sell” rating and issued a GBX 330 ($4.56) target price on shares of Pearson in a report on Monday, November 20th. Kepler Capital Markets restated a “hold” rating and issued a GBX 725 ($10.02) target price on shares of Pearson in a report on Monday, November 20th. Deutsche Bank restated a “sell” rating and issued a GBX 500 ($6.91) target price on shares of Pearson in a report on Monday, December 4th. JPMorgan Chase & Co. boosted their target price on shares of Pearson from GBX 671 ($9.27) to GBX 740 ($10.22) and gave the company a “neutral” rating in a report on Thursday, December 7th. Finally, Berenberg Bank reiterated a “sell” rating and set a GBX 490 ($6.77) price objective on shares of Pearson in a report on Wednesday, January 10th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 680 ($9.39).
Pearson (LON PSON) opened at GBX 751.40 ($10.38) on Friday. The stock has a market cap of $5,870.00 and a price-to-earnings ratio of 1,502.80. Pearson has a fifty-two week low of GBX 563 ($7.78) and a fifty-two week high of GBX 773 ($10.68).
In other Pearson news, insider Tim Score bought 2,141 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was bought at an average cost of GBX 736 ($10.17) per share, with a total value of £15,757.76 ($21,770.88).
Pearson Company Profile
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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