|Bid||0.00 x 800|
|Ask||8.81 x 3100|
|Day's Range||8.67 - 8.77|
|52 Week Range||6.38 - 12.39|
|Beta (5Y Monthly)||0.32|
|PE Ratio (TTM)||15.36|
|Forward Dividend & Yield||0.28 (2.73%)|
|Ex-Dividend Date||Aug 12, 2021|
|1y Target Est||13.40|
Analysts re-rated education provider Pearson PLC (NYSE: PSO), lowering their price targets. Berenberg analyst Sarah Simon upgraded Pearson to Hold from Sell with an unchanged price target of 590 GBP, implying a 4.1% downside. The company's "hard landing" following its 9-month trading update suggests further share downside is now limited, Simon notes. While the shares are "still not cheap, expectations for 2022 "should now be more moderate," Simon adds. Credit Suisse analyst Matthew Walker upgrad
The direct-to-consumer service was launched in July in an attempt to recapture sales it had lost to the second-hand book market.
London-based Pearson PLC will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, the U.S. Securities and Exchange Commission (SEC) said on Monday. The educational-publishing firm did not admit nor deny the regulator's charges, the SEC said, but in 2019 the firm disclosed in its annual report that the data breach may have included birth dates and email addresses, when, in fact, it knew that such records were stolen. Pearson also said at the time that it had "strict protections" in place, but failed to patch the critical vulnerability for six months after it was notified, the SEC found.