Pearson (PSON) PT Lowered to GBX 890

Pearson (LON:PSON) had its target price lowered by equities researchers at JPMorgan Chase & Co. from GBX 900 ($11.76) to GBX 890 ($11.63) in a research note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 1.95% from the stock’s previous close.

PSON has been the topic of a number of other research reports. Numis Securities reissued a “sell” rating and issued a GBX 559 ($7.30) target price on shares of Pearson in a research report on Friday, July 27th. Deutsche Bank reissued a “sell” rating on shares of Pearson in a research report on Tuesday, October 2nd. Barclays dropped their target price on Pearson from GBX 835 ($10.91) to GBX 800 ($10.45) and set an “underweight” rating on the stock in a research report on Friday, September 28th. Liberum Capital reaffirmed a “sell” rating and set a GBX 450 ($5.88) price target on shares of Pearson in a research report on Tuesday, October 2nd. Finally, Credit Suisse Group boosted their price target on Pearson from GBX 825 ($10.78) to GBX 848 ($11.08) and gave the stock an “underperform” rating in a research report on Monday, July 30th. Seven equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 741.69 ($9.69).

Shares of Pearson stock opened at GBX 873 ($11.41) on Wednesday. Pearson has a 52-week low of GBX 563 ($7.36) and a 52-week high of GBX 775.80 ($10.14).

Pearson (LON:PSON) last announced its earnings results on Friday, July 27th. The company reported GBX 8.20 ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 5.90 ($0.08) by GBX 2.30 ($0.03). Pearson had a return on equity of 21.22% and a net margin of 17.23%.

About Pearson

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

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