Pearson (LON:PSON) Reaches New 12-Month Low – Here’s What Happened

Pearson plc (LON:PSON) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 978 and last traded at GBX 987.80, with a volume of 12936205 shares changing hands. The stock had previously closed at GBX 1,075.50.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PSON shares. Citigroup assumed coverage on Pearson in a report on Monday. They set a “buy” rating and a GBX 1,300 price objective for the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Pearson in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,220.

Pearson Stock Down 9.5%

The firm has a fifty day moving average of GBX 1,024.68 and a 200-day moving average of GBX 1,053.49. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 42.49. The firm has a market cap of £6.18 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31.

Insiders Place Their Bets

In other news, insider Annette Thomas acquired 391 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of GBX 991 per share, with a total value of £3,874.81. Also, insider Omar Abbosh sold 52,025 shares of the business’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. Company insiders own 0.72% of the company’s stock.

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.