Liberum Capital reiterated their sell rating on shares of Pearson (LON:PSON) in a research report released on Tuesday, Digital Look reports. The brokerage currently has a GBX 550 ($7.19) price objective on the stock.
Several other brokerages also recently commented on PSON. Goldman Sachs Group reissued a buy rating on shares of WPP in a research note on Monday, June 3rd. Shore Capital raised shares of Hastings Group to a hold rating and dropped their price objective for the company from GBX 230 ($3.01) to GBX 225 ($2.94) in a research note on Friday, April 26th. Berenberg Bank reissued a buy rating and issued a GBX 360 ($4.70) price objective on shares of in a research note on Thursday, June 6th. Barclays dropped their price objective on shares of Kansas City Southern from $130.00 to $128.00 and set an equal weight rating for the company in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. reissued a sell rating and issued a $18.00 price objective on shares of ABB in a research note on Monday, July 15th. Seven equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 732.33 ($9.57).
Shares of LON:PSON opened at GBX 882.20 ($11.53) on Tuesday. The company has a market cap of $6.89 billion and a P/E ratio of 11.68. The company has a debt-to-equity ratio of 17.22, a quick ratio of 0.77 and a current ratio of 1.58. The company has a 50 day moving average of GBX 823.27. Pearson has a one year low of GBX 764 ($9.98) and a one year high of GBX 1,030 ($13.46).
In related news, insider Elizabeth Corley purchased 1,736 shares of Pearson stock in a transaction on Friday, June 28th. The stock was acquired at an average cost of GBX 816 ($10.66) per share, for a total transaction of £14,165.76 ($18,510.07). Also, insider Coram Williams sold 22,367 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of GBX 814 ($10.64), for a total transaction of £182,067.38 ($237,903.28).
Pearson Company Profile
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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