Pearson (LON:PSON) Given Buy Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Pearson (LON:PSON) in a research note released on Friday morning, MarketBeat reports.

Other analysts have also issued reports about the stock. Barclays cut their price target on shares of Pearson from GBX 975 ($12.04) to GBX 965 ($11.92) and set an equal weight rating on the stock in a research note on Tuesday, February 6th. JPMorgan Chase & Co. boosted their price objective on Pearson from GBX 1,200 ($14.82) to GBX 1,220 ($15.07) and gave the stock an overweight rating in a research report on Wednesday, March 20th.

Pearson Stock Down 0.5 %

Shares of LON:PSON opened at GBX 987 ($12.19) on Friday. The company has a debt-to-equity ratio of 30.19, a current ratio of 1.73 and a quick ratio of 1.07. The firm has a market capitalization of £6.71 billion, a PE ratio of 1,862.26, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. The firm’s 50-day moving average is GBX 1,003.22 and its two-hundred day moving average is GBX 968.74. Pearson has a 1 year low of GBX 749.40 ($9.26) and a 1 year high of GBX 1,046.50 ($12.93).

Pearson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 21st will be given a dividend of GBX 15.70 ($0.19) per share. The ex-dividend date of this dividend is Thursday, March 21st. This is an increase from Pearson’s previous dividend of $7.00. This represents a dividend yield of 1.63%. Pearson’s payout ratio is currently 4,339.62%.

Insider Transactions at Pearson

In related news, insider Graeme Pitkethly acquired 210 shares of the stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of GBX 1,037 ($12.81) per share, with a total value of £2,177.70 ($2,689.85). Corporate insiders own 0.33% of the company’s stock.

Pearson Company Profile

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.