Insider Buying: Pearson plc (LON:PSON) Insider Buys £538,000 in Stock

Pearson plc (LON:PSON) insider Sidney Taurel acquired 100,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were bought at an average price of GBX 538 ($7.08) per share, for a total transaction of £538,000 ($707,708.50).

Shares of Pearson stock opened at GBX 486.90 ($6.40) on Friday. The company has a debt-to-equity ratio of 39.39, a quick ratio of 1.06 and a current ratio of 2.13. The firm’s 50-day simple moving average is GBX 550.37 and its 200-day simple moving average is GBX 648.08. Pearson plc has a twelve month low of GBX 6.87 ($0.09) and a twelve month high of GBX 951.20 ($12.51). The firm has a market cap of $3.83 billion and a P/E ratio of 14.32.

The firm also recently announced a dividend, which will be paid on Thursday, May 7th. Stockholders of record on Thursday, March 26th will be given a dividend of GBX 13.50 ($0.18) per share. This is a positive change from Pearson’s previous dividend of $6.00. This represents a dividend yield of 2.4%. The ex-dividend date is Thursday, March 26th. Pearson’s payout ratio is 0.59%.

Several research analysts have recently issued reports on the stock. Deutsche Bank dropped their price objective on shares of Pearson from GBX 600 ($7.89) to GBX 500 ($6.58) and set a “hold” rating on the stock in a report on Friday, January 24th. Kepler Capital Markets dropped their price objective on shares of Pearson from GBX 815 ($10.72) to GBX 650 ($8.55) and set a “hold” rating on the stock in a report on Friday, January 17th. Barclays upgraded shares of Pearson to an “equal weight” rating and boosted their price objective for the stock from GBX 520 ($6.84) to GBX 540 ($7.10) in a report on Monday. Berenberg Bank upgraded shares of Pearson to a “hold” rating and dropped their price objective for the stock from GBX 525 ($6.91) to GBX 450 ($5.92) in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Pearson from GBX 860 ($11.31) to GBX 776 ($10.21) and set an “overweight” rating on the stock in a report on Friday, March 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Pearson presently has an average rating of “Hold” and an average target price of GBX 622.36 ($8.19).

About Pearson

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through North America, Core, and Growth segments. It offers courseware services, including curriculum materials provided in book form and/or through access to digital content; and assessments, such as test development, processing, and scoring services.

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