Today, Pearson PLC (PSO) Lowered by Credit Suisse Group AG

Today, Pearson PLC (PSO) Lowered by Credit Suisse Group AG

Credit Suisse Group AG cut shares of Pearson PLC (NYSE:PSO) from a neutral rating to an underperform rating in a report issued on Tuesday.

Several other analysts have also recently issued reports on the stock. Societe Generale raised shares of Pearson PLC from a hold rating to a buy rating in a research note on Monday, November 14th. BNP Paribas cut shares of Pearson PLC from an outperform rating to a neutral rating in a research note on Thursday, September 22nd. Goldman Sachs Group Inc. reissued a sell rating on shares of Pearson PLC in a research note on Tuesday, September 27th. Zacks Investment Research raised shares of Pearson PLC from a sell rating to a hold rating in a research note on Wednesday, August 31st. Finally, Bank of America Corp. cut shares of Pearson PLC from a neutral rating to an underperform rating in a research note on Tuesday, October 25th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold.

Shares of Pearson PLC (NYSE:PSO) opened at 9.61 on Tuesday. The firm has a 50-day moving average price of $9.46 and a 200-day moving average price of $11.08. The firm has a market capitalization of $7.83 billion, a PE ratio of 9.24 and a beta of 0.32. Pearson PLC has a 1-year low of $8.99 and a 1-year high of $13.20.

Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in shares of Pearson PLC by 351.1% in the first quarter. Goldman Sachs Group Inc. now owns 201,286 shares of the company’s stock worth $2,524,000 after buying an additional 156,669 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Pearson PLC by 8.1% in the first quarter. Renaissance Technologies LLC now owns 1,800,300 shares of the company’s stock worth $22,576,000 after buying an additional 134,900 shares in the last quarter. Cutler Group LP raised its position in shares of Pearson PLC by 78.7% in the first quarter. Cutler Group LP now owns 10,034 shares of the company’s stock worth $125,000 after buying an additional 4,418 shares in the last quarter. Bollard Group LLC raised its position in shares of Pearson PLC by 9.4% in the second quarter. Bollard Group LLC now owns 74,481 shares of the company’s stock worth $968,000 after buying an additional 6,413 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its position in shares of Pearson PLC by 9.6% in the second quarter. Checchi Capital Advisers LLC now owns 8,249 shares of the company’s stock worth $107,000 after buying an additional 724 shares in the last quarter. Hedge funds and other institutional investors own 2.13% of the company’s stock.

About Pearson PLC

Related posts

Leave a Comment