Pearson plc (LON:PSON) Insider Buys £2,177.70 in Stock

Pearson plc (LON:PSON - Get Free Report) insider Graeme Pitkethly acquired 210 shares of the firm's stock in a transaction dated Thursday, March 28th. The shares were purchased at an average price of GBX 1,037 ($13.02) per share, with a total value of £2,177.70 ($2,733.74).

Pearson Stock Down 1.6 %

Shares of LON PSON traded down GBX 17 ($0.21) during mid-day trading on Tuesday, reaching GBX 1,025 ($12.87). 1,169,756 shares of the company's stock traded hands, compared to its average volume of 1,594,886. The stock has a market cap of £7.02 billion, a P/E ratio of 1,933.96, a PEG ratio of 0.83 and a beta of 0.30. The business has a 50-day simple moving average of GBX 986.92 and a 200 day simple moving average of GBX 954.21. Pearson plc has a 1-year low of GBX 749.40 ($9.41) and a 1-year high of GBX 1,046.50 ($13.14). The company has a debt-to-equity ratio of 30.19, a current ratio of 1.73 and a quick ratio of 1.07.

Pearson Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 21st will be issued a dividend of GBX 15.70 ($0.20) per share. This is a boost from Pearson's previous dividend of $7.00. This represents a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, March 21st. Pearson's dividend payout ratio (DPR) is currently 4,339.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PSON shares. Shore Capital reiterated a "buy" rating on shares of Pearson in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Pearson from GBX 1,200 ($15.06) to GBX 1,220 ($15.32) and gave the stock an "overweight" rating in a research note on Wednesday, March 20th. Finally, Barclays cut their target price on shares of Pearson from GBX 975 ($12.24) to GBX 965 ($12.11) and set an "equal weight" rating on the stock in a research note on Tuesday, February 6th.

Pearson Company Profile

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, Higher Education, and Workforce Skills.