Shares of Pearson plc (NYSE:PSO – Get Rating) gapped down before the market opened on Friday . The stock had previously closed at $11.62, but opened at $11.37. Pearson shares last traded at $11.40, with a volume of 709 shares traded.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on PSO shares. Credit Suisse Group increased their target price on Pearson from GBX 975 ($11.90) to GBX 998 ($12.18) in a research note on Monday, October 3rd. Deutsche Bank Aktiengesellschaft increased their target price on Pearson from GBX 900 ($10.98) to GBX 1,140 ($13.91) in a research note on Wednesday, October 5th. JPMorgan Chase & Co. raised their price objective on Pearson from GBX 1,060 ($12.93) to GBX 1,200 ($14.64) in a research note on Monday, December 12th. Exane BNP Paribas downgraded Pearson from an "outperform" rating to a "neutral" rating in a research note on Thursday, December 1st. Finally, Societe Generale raised their price objective on Pearson from GBX 945 ($11.53) to GBX 1,140 ($13.91) in a research note on Tuesday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Pearson currently has a consensus rating of "Hold" and a consensus target price of $1,015.43.
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Pearson Stock Performance
The business has a fifty day simple moving average of $11.37 and a 200 day simple moving average of $10.58. The company has a current ratio of 1.95, a quick ratio of 1.88 and a debt-to-equity ratio of 0.26.
Institutional Investors Weigh In On Pearson
A number of large investors have recently bought and sold shares of PSO. Lazard Asset Management LLC boosted its holdings in shares of Pearson by 9.4% during the first quarter. Lazard Asset Management LLC now owns 4,100,720 shares of the company's stock worth $40,884,000 after purchasing an additional 352,469 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Pearson by 11.5% during the second quarter. Goldman Sachs Group Inc. now owns 1,679,256 shares of the company's stock worth $15,483,000 after purchasing an additional 172,538 shares during the last quarter. BlackRock Inc. boosted its holdings in Pearson by 31.5% in the first quarter. BlackRock Inc. now owns 1,659,201 shares of the company's stock valued at $16,542,000 after acquiring an additional 397,676 shares during the last quarter. Bank of America Corp DE boosted its holdings in Pearson by 8.3% in the first quarter. Bank of America Corp DE now owns 1,101,739 shares of the company's stock valued at $10,984,000 after acquiring an additional 84,354 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Pearson in the second quarter valued at $9,553,000. Institutional investors and hedge funds own 2.83% of the company's stock.
Pearson Company Profile
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Pearson Plc engages in the business of education, business information, and consumer publishing markets. It operates through the following segments: Global Online Learning, Global Assessment, North American Courseware, and International. The Global Online Learning segment offers virtual schools and online program management.
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