Pearson (LON:PSON) Lifted to “Neutral” at Goldman Sachs Group
Pearson (LON:PSON) was upgraded by research analysts at Goldman Sachs Group to a “neutral” rating in a research report issued on Tuesday, Stock Target Advisor reports. The brokerage presently has a GBX 605 ($7.96) price target on the stock, up from their prior price target of GBX 505 ($6.64). Goldman Sachs Group’s price objective indicates a potential upside of 16.30% from the stock’s current price.
PSON has been the subject of a number of other reports. Berenberg Bank reiterated a “sell” rating and issued a GBX 525 ($6.91) price target on shares of Pearson in a research report on Monday, January 13th. UBS Group restated a “neutral” rating and set a GBX 625 ($8.22) price objective (up from GBX 600 ($7.89)) on shares of Pearson in a research report on Wednesday, February 26th. Shore Capital restated a “hold” rating on shares of Pearson in a research report on Tuesday, February 11th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Pearson in a research report on Tuesday, February 25th. Finally, Deutsche Bank lowered their price objective on shares of Pearson from GBX 600 ($7.89) to GBX 500 ($6.58) and set a “hold” rating for the company in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 635 ($8.35).
Shares of LON PSON traded down GBX 8.60 ($0.11) during midday trading on Tuesday, reaching GBX 520.20 ($6.84). The company’s stock had a trading volume of 5,519,014 shares, compared to its average volume of 4,520,000. The company has a debt-to-equity ratio of 39.39, a quick ratio of 1.15 and a current ratio of 2.13. Pearson has a fifty-two week low of GBX 6.87 ($0.09) and a fifty-two week high of GBX 951.20 ($12.51). The business’s 50 day moving average price is GBX 560.62 and its two-hundred day moving average price is GBX 659.55. The company has a market cap of $3.98 billion and a P/E ratio of 15.30.
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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