Pearson (LON:PSON) Reaches New 52-Week Low – Here’s What Happened

Shares of Pearson plc (LON:PSONGet Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 898.80 and last traded at GBX 899.60, with a volume of 3465038 shares traded. The stock had previously closed at GBX 969.60.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup started coverage on shares of Pearson in a research note on Monday, January 12th. They set a “buy” rating and a GBX 1,300 target price for the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Pearson in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pearson has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,220.

Read Our Latest Research Report on Pearson

Pearson Stock Down 0.7%

The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49. The firm has a market cap of £5.64 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 0.83 and a beta of 0.31. The firm’s 50 day simple moving average is GBX 1,004.66 and its two-hundred day simple moving average is GBX 1,039.51.

Insider Activity at Pearson

In related news, insider Annette Thomas purchased 391 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was acquired 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 on Friday, January 2nd. The stock was sold at an average price of GBX 1,051, for a total value of £546,782.75. Insiders own 0.99% of the company’s stock.

About Pearson

(Get Free Report)

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.

Further Reading

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