Pearson (LON:PSON) Hits New 12-Month Low – Should You Sell?

Pearson plc (LON:PSON)’s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 978 and last traded at GBX 987.80, with a volume of 12936205 shares changing hands. The stock had previously closed at GBX 1,075.50.

Analyst Ratings Changes

Several research firms have recently issued reports on PSON. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Pearson in a research note on Wednesday, October 15th. Citigroup began coverage on shares of Pearson in a report on Monday. They set a “buy” rating and a GBX 1,300 target price for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,220.

Pearson Stock Performance

The stock has a market cap of £5.98 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. The company has a debt-to-equity ratio of 42.49, a current ratio of 1.78 and a quick ratio of 1.07. The stock’s 50-day moving average is GBX 1,021.77 and its 200-day moving average is GBX 1,051.50.

Insiders Place Their Bets

In other Pearson news, insider Omar Abbosh sold 52,025 shares of Pearson stock in a transaction dated 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 company’s stock in a transaction dated Tuesday, November 25th. The shares were bought at an average cost of GBX 991 per share, with a total value 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.