Pearson (LON:PSON) had its price target raised by Morgan Stanley from GBX 615 ($8.50) to GBX 785 ($10.85) in a research note issued to investors on Friday, March 9th. The brokerage currently has an equal weight rating on the stock.
Other analysts also recently issued research reports about the stock. Liberum Capital reaffirmed a sell rating and set a GBX 330 ($4.56) price target on shares of Pearson in a report on Thursday, December 14th. Berenberg Bank reaffirmed a sell rating and set a GBX 490 ($6.77) price target on shares of Pearson in a report on Wednesday, January 10th. Numis Securities reissued a sell rating and issued a GBX 559 ($7.72) price objective on shares of Pearson in a research note on Friday, February 23rd. JPMorgan Chase increased their price objective on shares of Pearson from GBX 740 ($10.22) to GBX 763 ($10.54) and gave the company a neutral rating in a research note on Wednesday, January 10th. Finally, Citigroup reissued a buy rating and issued a GBX 975 ($13.47) price objective on shares of Pearson in a research note on Tuesday, February 27th. Six investment analysts have rated the stock with a sell rating, eight 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 an average target price of GBX 680 ($9.39).
PSON remained flat at $GBX 749 ($10.35) on Friday. Pearson has a 12-month low of GBX 563 ($7.78) and a 12-month high of GBX 775.80 ($10.72).
Pearson (LON:PSON) last announced its earnings results on Friday, February 23rd. The company reported GBX 54.10 ($0.75) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 52.40 ($0.72) by GBX 1.70 ($0.02). Pearson had a net margin of 17.23% and a return on equity of 21.22%. The firm had revenue of GBX 451.30 billion for the quarter.
The business also recently declared a dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 5th will be issued a GBX 12 ($0.17) dividend. This represents a yield of 1.71%. This is a boost from Pearson’s previous dividend of $5.00. The ex-dividend date of this dividend is Thursday, April 5th.
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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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