Pearson plc (LON:PSON - Get Free Report) insider Graeme Pitkethly bought 210 shares of the company's stock in a transaction on Thursday, March 28th. The stock was bought at an average cost of GBX 1,037 ($13.02) per share, for a total transaction of £2,177.70 ($2,733.74).
Pearson Price Performance
Shares of LON:PSON opened at GBX 1,025 ($12.87) on Wednesday. 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 firm has a market capitalization of £7.02 billion, a PE ratio of 1,933.96, a PEG ratio of 0.83 and a beta of 0.30. The business's 50 day moving average is GBX 986.92 and its 200-day moving average is GBX 954.21. The company has a current ratio of 1.73, a quick ratio of 1.07 and a debt-to-equity ratio of 30.19.
Pearson Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 21st will be given a dividend of GBX 15.70 ($0.20) per share. This represents a dividend yield of 1.63%. The ex-dividend date is Thursday, March 21st. This is an increase from Pearson's previous dividend of $7.00. Pearson's dividend payout ratio (DPR) is 4,339.62%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on PSON shares. Barclays decreased their price target on Pearson from GBX 975 ($12.24) to GBX 965 ($12.11) and set an "equal weight" rating for the company in a research report on Tuesday, February 6th. JPMorgan Chase & Co. increased their price target on Pearson from GBX 1,200 ($15.06) to GBX 1,220 ($15.32) and gave the company an "overweight" rating in a research report on Wednesday, March 20th. Finally, Shore Capital reiterated a "buy" rating on shares of Pearson in a research report on Tuesday.
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About Pearson
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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.
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