Pearson (LON:PSON) Reaches New 1-Year Low – Here’s What Happened

Shares of Pearson plc (LON:PSON) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 918.60 and last traded at GBX 927.20, with a volume of 1137792 shares. The stock had previously closed at GBX 941.31.

Analysts Set New Price Targets

PSON has been the subject of a number of research analyst reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Pearson in a research report on Wednesday, October 15th. Citigroup began coverage on shares of Pearson in a report on Monday, January 12th. They set a “buy” rating and a GBX 1,300 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Pearson presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,220.

Pearson Price Performance

The company has a debt-to-equity ratio of 42.49, a current ratio of 1.78 and a quick ratio of 1.07. The firm has a market capitalization of £6.07 billion, a PE ratio of 14.66, a P/E/G ratio of 0.83 and a beta of 0.31. The company has a 50-day moving average price of GBX 1,018.01 and a 200-day moving average price of GBX 1,048.29.

Insider Transactions at Pearson

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

About Pearson

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.