Pearson (PSON) Downgraded by Credit Suisse Group to Underperform

Pearson (LON:PSON) was downgraded by equities research analysts at Credit Suisse Group to an “underperform” rating in a report issued on Tuesday, June 19th. They currently have a GBX 825 ($10.98) price objective on the stock, down from their previous price objective of GBX 850 ($11.32). Credit Suisse Group’s price objective points to a potential downside of 5.89% from the stock’s current price.

PSON has been the topic of a number of other research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 820 ($10.92) target price on shares of Pearson in a research report on Tuesday, May 8th. Liberum Capital restated a “sell” rating and issued a GBX 380 ($5.06) price objective on shares of Pearson in a research report on Tuesday, March 6th. Citigroup restated a “buy” rating and issued a GBX 975 ($12.98) price objective on shares of Pearson in a research report on Tuesday, February 27th. Barclays upped their price objective on Pearson from GBX 720 ($9.59) to GBX 745 ($9.92) and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Finally, Shore Capital restated a “hold” rating and issued a GBX 830 ($11.05) price objective on shares of Pearson in a research report on Friday, May 4th. Eight equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 704.33 ($9.38).

Shares of Pearson opened at GBX 876.60 ($11.67) on Tuesday, according to Marketbeat. Pearson has a 52 week low of GBX 563 ($7.50) and a 52 week high of GBX 775.80 ($10.33).

In other Pearson news, insider Lincoln Wallen bought 63 shares of the firm’s stock in a transaction dated Friday, May 11th. The shares were purchased at an average price of GBX 924 ($12.30) per share, for a total transaction of £582.12 ($775.02).

Pearson Company Profile

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.

Analyst Recommendations for Pearson (LON:PSON)

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