Pearson plc (LON:PSON) Insider Omar Abbosh Sells 77,989 Shares

Pearson plc (LON:PSON) insider Omar Abbosh sold 77,989 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.02), for a total transaction of £1,010,737.44 ($1,249,366.43).

Pearson Stock Down 0.3 %

PSON stock opened at GBX 1,299 ($16.06) on Thursday. The firm has a fifty day moving average price of GBX 1,233.73 and a two-hundred day moving average price of GBX 1,096.03. The company has a debt-to-equity ratio of 43.56, a current ratio of 1.78 and a quick ratio of 1.07. Pearson plc has a 1-year low of GBX 925.20 ($11.44) and a 1-year high of GBX 1,316 ($16.27). The firm has a market cap of £8.63 billion, a price-to-earnings ratio of 2,598.00, a PEG ratio of 0.83 and a beta of 0.31.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price objective on Pearson from GBX 1,170 ($14.46) to GBX 1,400 ($17.31) and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Pearson currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,146.75 ($14.17).

Pearson Company Profile

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.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.