Pearson (NYSE:PSO) Price Target Raised to GBX 780 at UBS Group

Pearson (NYSE:PSOGet Rating) had its target price boosted by UBS Group from GBX 620 ($7.60) to GBX 780 ($9.56) in a report released on Tuesday, The Fly reports.

PSO has been the subject of a number of other research reports. Morgan Stanley increased their price objective on shares of Pearson from GBX 760 ($9.31) to GBX 800 ($9.80) in a research report on Wednesday, July 20th. StockNews.com cut shares of Pearson from a buy rating to a hold rating in a research report on Tuesday, May 17th. Deutsche Bank Aktiengesellschaft raised shares of Pearson from a hold rating to a buy rating in a research report on Tuesday, June 21st. Credit Suisse Group raised their price target on shares of Pearson from GBX 826 ($10.12) to GBX 835 ($10.23) in a research report on Tuesday, July 5th. Finally, Barclays raised their price target on shares of Pearson from GBX 770 ($9.44) to GBX 775 ($9.50) in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $832.50.

Pearson Trading Up 0.7 %

NYSE:PSO opened at $10.58 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $9.40 and a 200 day moving average price of $9.42. Pearson has a fifty-two week low of $7.68 and a fifty-two week high of $11.69.

Institutional Investors Weigh In On Pearson

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Pearson by 11.0% in the 1st quarter. JPMorgan Chase & Co. now owns 11,590 shares of the company’s stock valued at $116,000 after purchasing an additional 1,153 shares in the last quarter. Ellevest Inc. raised its stake in Pearson by 78.9% during the 2nd quarter. Ellevest Inc. now owns 2,859 shares of the company’s stock worth $26,000 after acquiring an additional 1,261 shares in the last quarter. Advisor Partners LLC raised its stake in Pearson by 3.3% during the 1st quarter. Advisor Partners LLC now owns 44,250 shares of the company’s stock worth $441,000 after acquiring an additional 1,432 shares in the last quarter. Lindbrook Capital LLC raised its stake in Pearson by 72.0% during the 1st quarter. Lindbrook Capital LLC now owns 4,098 shares of the company’s stock worth $41,000 after acquiring an additional 1,715 shares in the last quarter. Finally, Brinker Capital Investments LLC raised its stake in Pearson by 1.2% during the 2nd quarter. Brinker Capital Investments LLC now owns 158,339 shares of the company’s stock worth $1,460,000 after acquiring an additional 1,915 shares in the last quarter. 10.35% of the stock is currently owned by institutional investors and hedge funds.

Pearson Company Profile

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Pearson plc provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. It operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Higher Education, and Workforce Skills.

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