Sherry Coutu Purchases 922 Shares of Pearson plc (LON:PSON) Stock

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

Pearson Stock Down 0.2 %

Shares of LON PSON opened at GBX 1,020.16 ($13.65) on Thursday. The firm has a fifty day simple moving average of GBX 1,042.96 and a two-hundred day simple moving average of GBX 1,007.58. Pearson plc has a 12 month low of GBX 856 ($11.45) and a 12 month high of GBX 1,084 ($14.50). The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 43.56. The firm has a market capitalization of £6.77 billion, a PE ratio of 2,040.32, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31.

Pearson Cuts Dividend

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

Analyst Upgrades and Downgrades

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