Pearson (LON:PSON) Sets New 52-Week Low – Here’s Why

Shares of Pearson plc (LON:PSON) reached a new 52-week low on Tuesday . The company traded as low as GBX 918.60 and last traded at GBX 927.20, with a volume of 1137792 shares trading hands. The stock had previously closed at GBX 941.31.

Analysts Set New Price Targets

PSON has been the subject of several analyst reports. Citigroup began coverage on shares of Pearson in a report on Monday, January 12th. They issued a “buy” rating and a GBX 1,300 target price for the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Pearson in a research note 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,220.

Pearson Stock Up 0.7%

The company’s 50 day moving average is GBX 1,020.48 and its 200 day moving average is GBX 1,049.98. The company has a market cap of £5.95 billion, a PE ratio of 14.36, a P/E/G ratio of 0.83 and a beta of 0.31. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49.

Insider Activity at Pearson

In other news, insider Annette Thomas purchased 391 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average price of GBX 991 per share, for a total transaction of £3,874.81. Also, insider Omar Abbosh sold 52,025 shares of the stock in a transaction that occurred 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 0.72% of the company’s stock.

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.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.