Insider Buying: Pearson plc (LON:PSON) Insider Acquires £3,772.55 in Stock

Pearson plc (LON:PSON) insider Annette Thomas bought 383 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were bought at an average price of GBX 985 ($12.46) per share, for a total transaction of £3,772.55 ($4,771.76).

Pearson Price Performance

LON:PSON opened at GBX 984 ($12.45) on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.73 and a debt-to-equity ratio of 30.19. The business’s 50-day simple moving average is GBX 966.92 and its two-hundred day simple moving average is GBX 977.80. The stock has a market cap of £6.61 billion, a PE ratio of 1,856.60, a P/E/G ratio of 0.83 and a beta of 0.32. Pearson plc has a 52 week low of GBX 809.60 ($10.24) and a 52 week high of GBX 1,046.50 ($13.24).

Wall Street Analysts Forecast Growth

A number of research firms have commented on PSON. JPMorgan Chase & Co. raised their price target on Pearson from GBX 1,200 ($15.18) to GBX 1,220 ($15.43) and gave the company an “overweight” rating in a report on Wednesday, March 20th. Shore Capital reissued a “buy” rating on shares of Pearson in a report on Friday, April 26th.

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.