Omar Abbosh Sells 77,989 Shares of Pearson plc (LON:PSON) Stock

Pearson plc (LON:PSON) insider Omar Abbosh sold 77,989 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.21), for a total transaction of £1,010,737.44 ($1,264,528.26).

Pearson Stock Performance

Shares of PSON stock opened at GBX 1,288 ($16.11) on Tuesday. 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 company’s fifty day moving average price is GBX 1,223.52 and its two-hundred day moving average price is GBX 1,093.14. The firm has a market capitalization of £8.55 billion, a P/E ratio of 2,576.00, a P/E/G ratio of 0.83 and a beta of 0.31. Pearson plc has a 12 month low of GBX 925.20 ($11.58) and a 12 month high of GBX 1,304 ($16.31).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their target price on shares of Pearson from GBX 1,170 ($14.64) to GBX 1,400 ($17.52) and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pearson presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,146.75 ($14.35).

About Pearson

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.