Liberum Capital reiterated their sell rating on shares of Pearson (LON:PSON) in a research note released on Tuesday morning. The brokerage currently has a GBX 380 ($5.25) target price on the stock.
A number of other research analysts also recently issued reports on the company. Berenberg Bank reiterated a sell rating and set a GBX 500 ($6.91) price objective on shares of Pearson in a research note on Wednesday, February 28th. Citigroup reiterated a buy rating and set a GBX 975 ($13.47) price objective on shares of Pearson in a research note on Tuesday, February 27th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Pearson in a research note on Monday, February 26th. Credit Suisse Group reiterated a neutral rating and set a GBX 700 ($9.67) price objective on shares of Pearson in a research note on Monday, February 26th. Finally, Barclays boosted their price objective on Pearson from GBX 720 ($9.95) to GBX 745 ($10.29) and gave the company an equal weight rating in a research note on Monday, February 26th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Pearson currently has an average rating of Hold and an average target price of GBX 672.50 ($9.29).
Shares of Pearson (PSON) opened at GBX 750.80 ($10.37) on Tuesday. Pearson has a 52-week low of GBX 563 ($7.78) and a 52-week high of GBX 773 ($10.68). The company has a market cap of $5,790.00 and a PE ratio of 1,501.60.
Pearson (LON:PSON) last announced its quarterly earnings data on Friday, February 23rd. The company reported GBX 54.10 ($0.75) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 52.40 ($0.72) by GBX 1.70 ($0.02). The company had revenue of GBX 451.30 billion during the quarter. Pearson had a negative return on equity of 0.82% and a negative net margin of 0.78%.
The firm also recently declared a dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 5th will be paid a GBX 12 ($0.17) dividend. This represents a yield of 1.71%. This is an increase from Pearson’s previous dividend of $5.00. The ex-dividend date is Thursday, April 5th.
In other Pearson news, insider Tim Score purchased 2,141 shares of the company’s stock in a transaction on Friday, December 15th. The stock was acquired at an average cost of GBX 736 ($10.17) per share, for a total transaction of £15,757.76 ($21,770.88).
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.