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Pin to quick picksPearson Share News (PSON)

Share Price Information for Pearson (PSON)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 852.00
Bid: 851.40
Ask: 852.20
Change: 0.00 (0.00%)
Spread: 0.80 (0.09%)
Open: 870.20
High: 879.40
Low: 851.00
Yest. Close: 863.00
PSON Live PriceLast checked at -

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Berenberg raises target price on 'sell' rated Pearson

Fri, 4th Sep 2020 12:32

(Sharecast News) - Analysts at Berenberg raised their target price on media firm Pearson from 400.0p to 450.0p on Friday, but stated the group's incoming chief executive, Andy Bird, faced "material challenges".
In Berenberg's view, Pearson was too geared to students aged 4-18 in mature markets and with a declining birth rate, it stated that demographic did "not offer growth" and also pointed to stiff competition in the market already as putting pressure on profits.

"We think there are more opportunities in lifelong learning, but Pearson's exposure to that segment is limited," said the analysts.

The German bank added that to fix the group's publishing unit, and reorientate towards growth opportunities, Pearson needed "an earnings reset", leading it to also reiterate its 'sell' rating on the firm as short-term consensus earnings looked "too high".

"We believe consensus estimates for Pearson are, yet again, too high. Higher education courseware forecasts imply a 5% decline in H2, versus 14% in H1. This seems unrealistic given the likely hit to enrolments, a trend for lower units per student, and closure of some campus bookstores," said the analysts, which placed their headline operating profit estimates 14% below consensus for 2020.

More News

Pearson rallies on Exane upgrade to 'outperform'

(Sharecast News) - Pearson rallied on Thursday as Exane BNP Paribas upgraded its stance on shares of the education publisher to 'outperform' and hiked the price target to 950p from 700p.

6 May 21 10:12

IN BRIEF: Pearson shareholders revolt on two resolutions in AGM

IN BRIEF: Pearson shareholders revolt on two resolutions in AGM

30 Apr 21 17:22

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

30 Apr 21 16:08

BROKER RATINGS: UBS raises Pearson and Barclays downgrades Dixons

BROKER RATINGS: UBS raises Pearson and Barclays downgrades Dixons

29 Apr 21 09:41

LONDON MARKET CLOSE: Airlines rally on Atlantic travel return hopes

LONDON MARKET CLOSE: Airlines rally on Atlantic travel return hopes

26 Apr 21 17:01

Monday broker round-up

(Sharecast News) - Pearson: Bank of America reiterates buy with a target price of 895p.

26 Apr 21 12:40

LONDON MARKET MIDDAY: Lacklustre trade as markets brace for busy week

LONDON MARKET MIDDAY: Lacklustre trade as markets brace for busy week

26 Apr 21 12:03

UPDATE 2-London mid-cap stocks outperform as engineer IMI soars

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)* Pearson rises as demand for online learning boosts Q1 trading* FTSE 100 up 0.35%, FTSE 250 adds 0.92% (Updates to market close)By Devik ...

26 Apr 21 09:44

LONDON MARKET OPEN: Asia virus worry, strong pound hold down FTSE 100

LONDON MARKET OPEN: Asia virus worry, strong pound hold down FTSE 100

26 Apr 21 08:52

London open: Stocks dip despite tentative moves to reopen international travel

(Sharecast News) - Stocks are coming under a little bit of selling pressure at the start of trading on Monday as investors monitor the headlines out of Asia concerning the epidemic and its possible impact on economies.

26 Apr 21 08:38

TOP NEWS: Pearson quarterly sales up as shift to online continues

TOP NEWS: Pearson quarterly sales up as shift to online continues

26 Apr 21 08:00

LONDON MARKET PRE-OPEN: Pearson quarterly sales up; IMI plans buyback

LONDON MARKET PRE-OPEN: Pearson quarterly sales up; IMI plans buyback

26 Apr 21 07:49

UPDATE 1-Demand for online learning boosts Pearson's Q1 trading

(Adds quotes, details)LONDON, April 26 (Reuters) - Global education group Pearson said strong demand for online learning courses had helped the group to post a 5% rise in underlying revenue growth in the first three months of the year.The British ...

26 Apr 21 07:24

UPDATE 2-Pearson's digital shift boosted by demand for online learning

* Difficult U.S. market stabilises* Demand for online learning jumps* Shares up 3%, group reiterates outlook (Adds reaction, shares, background)By Kate HoltonLONDON, April 26 (Reuters) - Pearson's switch to become a digital provider of global educa...

26 Apr 21 07:24

Demand for online learning boosts Pearson's Q1 trading

LONDON, April 26 (Reuters) - Global education group Pearson said strong demand for online learning courses had helped the group to post a 5% rise in underlying revenue growth in the first three months of the year.The British company, repositioning...

26 Apr 21 07:09

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