Berenberg Bank Boosts Pearson (LON:PSON) Price Target to GBX 780

Pearson (LON:PSONGet Rating) had its target price lifted by Berenberg Bank from GBX 742 ($8.97) to GBX 780 ($9.42) in a note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 9.62% from the company’s previous close.

A number of other analysts have also commented on PSON. Barclays lifted their target price on shares of Pearson from GBX 775 ($9.36) to GBX 840 ($10.15) and gave the stock an “equal weight” rating in a report on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 900 ($10.87) target price on shares of Pearson in a report on Tuesday, August 2nd. Finally, Shore Capital reaffirmed a “buy” rating on shares of Pearson in a report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Pearson presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 884 ($10.68).

Pearson Price Performance

PSON opened at GBX 863 ($10.43) on Friday. The company has a fifty day moving average price of GBX 860.82 and a two-hundred day moving average price of GBX 796.53. The company has a debt-to-equity ratio of 30.17, a quick ratio of 1.07 and a current ratio of 1.90. Pearson has a 52 week low of GBX 571 ($6.90) and a 52 week high of GBX 932.60 ($11.27). The firm has a market capitalization of £6.33 billion and a PE ratio of 2,408.89.

Insider Transactions at Pearson

In other news, insider Sally Johnson purchased 2,658 shares of Pearson stock in a transaction dated Wednesday, August 10th. The shares were bought at an average cost of GBX 677 ($8.18) per share, with a total value of £17,994.66 ($21,743.19).

About Pearson

(Get Rating)

Pearson plc provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. It operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Higher Education, and Workforce Skills.

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Analyst Recommendations for Pearson (LON:PSON)

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