Several other research analysts have also recently issued reports on the stock. Numis Securities restated a sell rating and issued a GBX 559 ($7.50) target price on shares of Pearson in a report on Friday, February 23rd. Citigroup restated a buy rating and issued a GBX 975 ($13.08) target price on shares of Pearson in a report on Tuesday, February 27th. Societe Generale restated a buy rating and issued a GBX 960 ($12.88) target price on shares of Pearson in a report on Friday, January 26th. Berenberg Bank restated a sell rating and issued a GBX 500 ($6.71) target price on shares of Pearson in a report on Wednesday, February 28th. Finally, Morgan Stanley increased their price target on shares of Pearson from GBX 615 ($8.25) to GBX 785 ($10.53) and gave the stock an equal weight rating in a research note on Friday, March 9th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 701.33 ($9.41).
Shares of Pearson stock opened at GBX 905.80 ($12.15) on Thursday. Pearson has a 12-month low of GBX 563 ($7.55) and a 12-month high of GBX 775.80 ($10.41).
Pearson (LON:PSON) last issued its earnings results on Friday, February 23rd. The company reported GBX 54.10 ($0.73) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 52.40 ($0.70) by GBX 1.70 ($0.02). Pearson had a net margin of 17.23% and a return on equity of 21.22%. The business had revenue of GBX 451.30 billion during the quarter.
In other Pearson news, insider Lincoln Wallen purchased 63 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The stock was purchased at an average price of GBX 924 ($12.40) per share, for a total transaction of £582.12 ($781.05).
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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