Pearson (LON:PSON) Now Covered by Citigroup

Citigroup initiated coverage on shares of Pearson (LON:PSON) in a research note released on Monday morning, MarketBeat reports. The firm issued a buy rating and a GBX 1,300 price objective on the stock.

Separately, JPMorgan Chase & Co. restated 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 stock. Based on data from MarketBeat, Pearson currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,296.67.

Pearson Stock Up 1.1%

PSON stock opened at GBX 1,071.06 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 42.49. Pearson has a twelve month low of GBX 978.40 and a twelve month high of GBX 1,401. The stock has a market cap of £6.80 billion, a P/E ratio of 16.43, a PEG ratio of 0.83 and a beta of 0.31. The business’s 50-day moving average price is GBX 1,024.11 and its 200-day moving average price is GBX 1,053.43.

Insider Transactions at Pearson

In other news, insider Omar Abbosh sold 52,025 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of GBX 1,051, for a total transaction of £546,782.75. Also, insider Annette Thomas acquired 391 shares of the stock in a transaction on Tuesday, November 25th. The stock was bought at an average cost of GBX 991 per share, with a total value of £3,874.81. Corporate 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.