Pearson (LON:PSON) Reaches New 52-Week Low – Here’s What Happened

Pearson plc (LON:PSON) shares reached a new 52-week low on Tuesday . The stock traded as low as GBX 898.80 and last traded at GBX 899.60, with a volume of 3465038 shares. The stock had previously closed at GBX 969.60.

Analyst Ratings Changes

A number of research analysts have recently commented on PSON shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of Pearson in a research note on Wednesday, October 15th. Citigroup began coverage on shares of Pearson in a research report on Monday, January 12th. They set a “buy” rating and a GBX 1,300 target price on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,220.

Pearson Stock Down 7.7%

The business’s 50-day moving average price is GBX 1,010.40 and its 200-day moving average price is GBX 1,042.72. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 42.49. The firm has a market capitalization of £5.68 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31.

Insider Buying and Selling

In other Pearson news, insider Omar Abbosh sold 52,025 shares of the firm’s 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. Also, insider Annette Thomas acquired 391 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were bought at an average price of GBX 991 per share, for a total transaction of £3,874.81. 0.72% of the stock is owned by insiders.

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.