Pearson (PSON) Price Target Raised to GBX 590 at Deutsche Bank

Pearson (LON:PSON) had its price objective raised by Deutsche Bank from GBX 575 ($7.51) to GBX 590 ($7.71) in a research note released on Thursday morning. They currently have a sell rating on the stock.

Several other research firms have also recently issued reports on PSON. Barclays lifted their price objective on shares of Pearson from GBX 815 ($10.65) to GBX 835 ($10.91) and gave the company an underweight rating in a research report on Monday, July 30th. Credit Suisse Group lifted their price objective on shares of Pearson from GBX 825 ($10.78) to GBX 848 ($11.08) and gave the company an underperform rating in a research report on Monday, July 30th. Berenberg Bank reiterated a sell rating and set a GBX 550 ($7.19) price objective on shares of Pearson in a research report on Monday, September 3rd. Numis Securities reiterated a sell rating and set a GBX 559 ($7.30) price objective on shares of Pearson in a research report on Friday, July 27th. Finally, Liberum Capital reiterated a sell rating and set a GBX 450 ($5.88) price objective on shares of Pearson in a research report on Friday, July 27th. Seven analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 741.69 ($9.69).

LON:PSON traded up GBX 7.80 ($0.10) during trading hours on Thursday, hitting GBX 874.80 ($11.43). 3,237,896 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 (LON:PSON) last issued its quarterly earnings results on Friday, July 27th. The company reported GBX 8.20 ($0.11) earnings per share for the quarter, beating the consensus estimate of GBX 5.90 ($0.08) by GBX 2.30 ($0.03). Pearson had a net margin of 17.23% and a return on equity of 21.22%.

About Pearson

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.

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