Pearson plc (LON:PSON) Insider Sells £1,010,737.44 in Stock

Pearson plc (LON:PSON) insider Omar Abbosh sold 77,989 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were 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 Performance

Pearson stock opened at GBX 1,299 ($16.06) on Thursday. The company has a debt-to-equity ratio of 43.56, a current ratio of 1.78 and a quick ratio of 1.07. The firm’s fifty day moving average price is GBX 1,233.73 and its 200 day moving average price is GBX 1,096.03. The company has a market capitalization of £8.63 billion, a price-to-earnings ratio of 2,598.00, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. Pearson plc has a 12-month low of GBX 925.20 ($11.44) and a 12-month high of GBX 1,316 ($16.27).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised 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 report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.