Pearson (LON:PSON) Earns Overweight Rating from JPMorgan Chase & Co.

Key Points

• Pearson's stock received an "overweight" rating from JPMorgan Chase & Co., indicating positive outlook from the investment firm.
• Deutsche Bank lowered its target price for Pearson from GBX 1,260 to GBX 1,140 while maintaining a "hold" rating.
• Pearson's share price rose by 2.0% during trading, reaching GBX 1,086.07, with a market capitalization of approximately £6.96 billion.

Pearson (LON:PSON - Get Free Report)'s stock had its "overweight" rating reissued by JPMorgan Chase & Co. in a report issued on Wednesday,Digital Look reports.

Separately, Deutsche Bank Aktiengesellschaft dropped their target price on Pearson from GBX 1,260 to GBX 1,140 and set a "hold" rating on the stock in a research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,295.

Pearson Stock Up 2.0%

Shares of PSON stock traded up GBX 21.07 during trading hours on Wednesday, hitting GBX 1,086.07. 327,130,844 shares of the company were exchanged, compared to its average volume of 7,202,638. Pearson has a 52 week low of GBX 1,018 and a 52 week high of GBX 1,401. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49. The business has a 50 day moving average of GBX 1,062.19 and a two-hundred day moving average of GBX 1,104.04. The company has a market capitalization of £6.96 billion, a PE ratio of 1,665.75, a PEG ratio of 0.83 and a beta of 0.31.

Pearson (LON:PSON - Get Free Report) last released its earnings results on Friday, August 1st. The company reported GBX 24.50 earnings per share (EPS) for the quarter. Pearson had a return on equity of 8.98% and a net margin of 9.83%.

Pearson Company Profile

At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That's why our c.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world's leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.

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