Citigroup Begins Coverage on Pearson (LON:PSON)

Equities researchers at Citigroup initiated coverage on shares of Pearson (LON:PSON) in a note issued to investors on Monday, Marketbeat.com reports. The firm set a “buy” rating and a GBX 1,300 price target on the stock. Citigroup’s target price would suggest a potential upside of 21.38% from the company’s previous close.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Pearson in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,296.67.

Pearson Stock Up 1.1%

PSON traded up GBX 11.75 during trading on Monday, hitting GBX 1,071.06. The company had a trading volume of 1,690,843 shares, compared to its average volume of 36,917,969. The company has a market cap of £6.80 billion, a PE ratio of 16.43, a P/E/G ratio of 0.83 and a beta of 0.31. The business has a 50-day moving average of GBX 1,023.76 and a 200-day moving average of GBX 1,053.29. The company has a debt-to-equity ratio of 42.49, a current ratio of 1.78 and a quick ratio of 1.07. Pearson has a 1-year low of GBX 978.40 and a 1-year high of GBX 1,401.

Insiders Place Their Bets

In other news, insider Omar Abbosh sold 52,025 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of GBX 1,051, for a total value of £546,782.75. Also, insider Annette Thomas purchased 391 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average cost of GBX 991 per share, with a total value of £3,874.81. 0.72% of the stock is currently owned by corporate insiders.

Pearson Company Profile

At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c.17,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We serve customers in over 40 countries, supporting lifelong learning through world-class assessments and learning experiences, and trusted certifications and credentialing. For us, learning isn’t just what we do.