Pearson (PSON) Given Sell Rating at Berenberg Bank

Berenberg Bank reissued their sell rating on shares of Pearson (LON:PSON) in a research note released on Thursday. Berenberg Bank currently has a GBX 550 ($7.19) price target on the stock.

PSON has been the subject of several other reports. Barclays reduced their price objective on Pearson from GBX 835 ($10.91) to GBX 800 ($10.45) and set an underweight rating for the company in a research note on Friday, September 28th. Liberum Capital reissued a sell rating and set a GBX 450 ($5.88) price objective on shares of Pearson in a research note on Tuesday, October 2nd. Deutsche Bank reissued a sell rating on shares of Pearson in a research note on Tuesday, October 2nd. Shore Capital reissued a hold rating on shares of Pearson in a research note on Tuesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price objective on Pearson from GBX 900 ($11.76) to GBX 890 ($11.63) and set a neutral rating for the company in a research note on Wednesday, October 17th. Seven research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 742.23 ($9.70).

Shares of PSON stock traded up GBX 6 ($0.08) during mid-day trading on Thursday, hitting GBX 1,027.50 ($13.43). 3,280,418 shares of the stock traded hands, compared to its average volume of 4,520,000. Pearson has a twelve month low of GBX 563 ($7.36) and a twelve month high of GBX 775.80 ($10.14).

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.

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