Shore Capital Reaffirms Buy Rating for Pearson (LON:PSON)

Pearson (LON:PSON)‘s stock had its “buy” rating reaffirmed by equities researchers at Shore Capital in a report issued on Friday, Digital Look reports.

A number of other brokerages have also recently commented on PSON. JPMorgan Chase & Co. increased their price target on shares of Pearson from GBX 1,200 ($14.82) to GBX 1,220 ($15.07) and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Barclays dropped their price objective on shares of Pearson from GBX 975 ($12.04) to GBX 965 ($11.92) and set an “equal weight” rating on the stock in a research report on Tuesday, February 6th.

Pearson Stock Performance

Shares of PSON stock opened at GBX 980.20 ($12.11) on Friday. The stock has a market cap of £6.67 billion, a P/E ratio of 1,844.80, a P/E/G ratio of 0.83 and a beta of 0.31. The company has a debt-to-equity ratio of 30.19, a current ratio of 1.73 and a quick ratio of 1.07. The company has a fifty day moving average price of GBX 1,002.77 and a two-hundred day moving average price of GBX 968.58. Pearson has a one year low of GBX 749.40 ($9.26) and a one year high of GBX 1,046.50 ($12.93).

Insider Activity

In other Pearson news, insider Graeme Pitkethly purchased 210 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average cost of GBX 1,037 ($12.81) per share, with a total value of £2,177.70 ($2,689.85). Insiders own 0.33% of the company’s stock.

About Pearson

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.