Pearson (LON:PSON) Shares Down 9.5% – Here’s Why

Pearson plc (LON:PSON) shares fell 9.5% during mid-day trading on Wednesday . The stock traded as low as GBX 972.80 and last traded at GBX 972.80. 5,778,498 shares were traded during mid-day trading, a decline of 80% from the average session volume of 29,620,949 shares. The stock had previously closed at GBX 1,075.50.

Wall Street Analyst Weigh In

PSON has been the subject of several research analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Pearson in a research note on Wednesday, October 15th. Citigroup assumed coverage on shares of Pearson in a report on Monday. They issued a “buy” rating and a GBX 1,300 price objective on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,220.

Pearson Stock Performance

The stock has a market capitalization of £6.18 billion, a PE ratio of 14.92, a P/E/G ratio of 0.83 and a beta of 0.31. The company has a debt-to-equity ratio of 42.49, a quick ratio of 1.07 and a current ratio of 1.78. The firm’s 50 day moving average is GBX 1,023.07 and its two-hundred day moving average is GBX 1,052.92.

Insiders Place Their Bets

In related news, insider Annette Thomas purchased 391 shares of Pearson stock in a transaction on Tuesday, November 25th. The shares were bought at an average price of GBX 991 per share, with a total value of £3,874.81. Also, insider Omar Abbosh sold 52,025 shares of Pearson stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of GBX 1,051, for a total value of £546,782.75. 0.72% of the stock is currently owned by corporate insiders.

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.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.