Pearson plc (LON:PSON) Insider Acquires £9,376.74 in Stock

Pearson plc (LON:PSON) insider Sherry Coutu purchased 922 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was bought at an average price of GBX 1,017 ($13.60) per share, for a total transaction of £9,376.74 ($12,542.46).

Pearson Trading Up 0.6 %

Shares of LON:PSON opened at GBX 1,027 ($13.74) on Friday. The company has a market capitalization of £6.82 billion, a PE ratio of 2,050.00, a P/E/G ratio of 0.83 and a beta of 0.31. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 43.56. Pearson plc has a 12-month low of GBX 864.35 ($11.56) and a 12-month high of GBX 1,084 ($14.50). The business’s fifty day simple moving average is GBX 1,042.99 and its 200-day simple moving average is GBX 1,007.67.

Pearson Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 8th were given a GBX 7.40 ($0.10) dividend. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 8th. Pearson’s payout ratio is currently 4,600.00%.

Analyst Ratings Changes

Several research firms have issued reports on PSON. Shore Capital reissued a “buy” rating on shares of Pearson in a research report on Monday, July 29th. Citigroup reiterated a “buy” rating and issued a GBX 1,170 ($15.65) target price on shares of Pearson in a report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Pearson from GBX 1,050 ($14.04) to GBX 1,052 ($14.07) and gave the company a “hold” rating in a research note on Friday, July 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,101.75 ($14.74).

About Pearson

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.