Brokerages Set Pearson, PLC (NYSE:PSO) Price Target at $18.00

Shares of Pearson, PLC (NYSE:PSO) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $18.00.

A number of research firms have recently commented on PSO. Weiss Ratings reissued a “buy (b-)” rating on shares of Pearson in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Pearson in a research report on Monday, August 4th. Finally, Morgan Stanley started coverage on Pearson in a report on Monday, October 20th. They issued an “equal weight” rating for the company.

Hedge Funds Weigh In On Pearson

Several large investors have recently added to or reduced their stakes in PSO. PharVision Advisers LLC acquired a new position in Pearson in the third quarter worth $235,000. XTX Topco Ltd boosted its holdings in shares of Pearson by 153.8% in the 3rd quarter. XTX Topco Ltd now owns 58,088 shares of the company’s stock valued at $823,000 after buying an additional 35,200 shares during the period. Verition Fund Management LLC bought a new stake in shares of Pearson during the 3rd quarter valued at about $1,045,000. Susquehanna International Group LLP acquired a new stake in Pearson during the third quarter worth about $631,000. Finally, Qube Research & Technologies Ltd boosted its stake in Pearson by 7.5% in the third quarter. Qube Research & Technologies Ltd now owns 651,340 shares of the company’s stock valued at $9,223,000 after acquiring an additional 45,633 shares during the period. 2.14% of the stock is currently owned by institutional investors.

Pearson Trading Down 0.2%

Shares of PSO opened at $13.17 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40. Pearson has a fifty-two week low of $12.88 and a fifty-two week high of $17.90. The company’s fifty day moving average is $14.04 and its two-hundred day moving average is $14.61.

About Pearson

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