Insider Selling: Pearson plc (LON:PSON) Insider Sells 66,708 Shares of Stock

Pearson plc (LON:PSON) insider Sally Johnson sold 66,708 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of GBX 971 ($12.59), for a total transaction of £647,734.68 ($840,013.85).

Pearson Stock Up 1.2 %

Shares of LON:PSON traded up GBX 12 ($0.16) during midday trading on Thursday, reaching GBX 1,019 ($13.21). The company had a trading volume of 1,597,598 shares, compared to its average volume of 1,757,063. The business’s 50 day moving average price is GBX 971.11 and its 200 day moving average price is GBX 981.29. Pearson plc has a 1-year low of GBX 809.60 ($10.50) and a 1-year high of GBX 1,046.50 ($13.57). The company has a quick ratio of 1.07, a current ratio of 1.73 and a debt-to-equity ratio of 30.19. The stock has a market cap of £6.84 billion, a PE ratio of 1,900.00, a P/E/G ratio of 0.83 and a beta of 0.32.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PSON shares. JPMorgan Chase & Co. raised their price target on Pearson from GBX 1,200 ($15.56) to GBX 1,220 ($15.82) and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Shore Capital restated a “buy” rating on shares of Pearson in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Pearson from GBX 1,050 ($13.62) to GBX 1,052 ($13.64) and gave the company a “hold” rating in a research report on Friday, July 5th. Finally, Citigroup reiterated a “buy” rating and set a GBX 1,170 ($15.17) target price on shares of Pearson in a report on Monday, July 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Pearson currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,101.75 ($14.29).

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.