Several other equities analysts also recently weighed in on the stock. Credit Suisse Group lowered their price target on shares of Pearson from GBX 848 ($11.08) to GBX 815 ($10.65) and set an underperform rating on the stock in a report on Thursday, November 1st. Barclays lowered their price target on shares of Pearson from GBX 800 ($10.45) to GBX 785 ($10.26) and set an underweight rating on the stock in a report on Thursday, October 18th. Berenberg Bank reaffirmed a sell rating on shares of Pearson in a report on Thursday, October 18th. Deutsche Bank lifted their price target on shares of Pearson from GBX 575 ($7.51) to GBX 590 ($7.71) and gave the company a sell rating in a report on Thursday, October 18th. Finally, Numis Securities reaffirmed a sell rating and set a GBX 559 ($7.30) price target on shares of Pearson in a report on Wednesday, October 17th. Seven analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 739.15 ($9.66).
LON:PSON traded up GBX 3.80 ($0.05) during trading hours on Wednesday, hitting GBX 921.80 ($12.04). 4,734,696 shares of the stock traded hands, compared to its average volume of 4,520,000. Pearson has a 1 year low of GBX 563 ($7.36) and a 1 year high of GBX 775.80 ($10.14).
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.
Further Reading: Earnings Per Share
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