Accueil > Actualité
Actualite financiere : Actualite bourse

Pearson: share down, as UBS drops 'buy' rating

( - The Pearson share is down on on the London Stock Exchange this Tuesday morning, victim of a downgrade from UBS.

At 10:30 am (local time), the share of the British publishing group specialising in textbooks and content for professionals is down over 2% at 576.6 pence, one of the biggest fallers in the FTSE 100 index.

UBS downgraded its rating from "buy" to "neutral" earlier and cut its correspondidng target price from 820 pence to 600 pence.

In its note, UBS analysts explain that that they have cut their 2021 earnings estimates by 20% in light of the new projections given by the publisher for its higher education division in the US.

Copyright (c) 2020 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.