Pearson (LON:PSON) Stock Price Down 9.5% – What’s Next?
by Scott Moore · The Cerbat GemPearson plc (LON:PSON – Get Free Report)’s share price traded down 9.5% during trading on Wednesday . The company traded as low as GBX 972.80 and last traded at GBX 972.80. 5,778,498 shares traded hands during trading, a decline of 80% from the average session volume of 29,620,949 shares. The stock had previously closed at GBX 1,075.50.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pearson in a research report on Wednesday, October 15th. Citigroup assumed coverage on shares of Pearson in a research report on Monday. They set a “buy” rating and a GBX 1,300 price objective for the company. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,220.
Check Out Our Latest Research Report on PSON
Pearson Stock Performance
The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49. The company has a market cap of £6.18 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. The company has a 50 day moving average price of GBX 1,024.68 and a 200-day moving average price of GBX 1,053.49.
Insider Activity
In other Pearson news, insider Annette Thomas bought 391 shares of the stock in a transaction on Tuesday, November 25th. The stock was purchased at an average price of GBX 991 per share, with a total value of £3,874.81. Also, insider Omar Abbosh sold 52,025 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of GBX 1,051, for a total transaction of £546,782.75. 0.72% of the stock is currently owned by insiders.
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.