Pearson (LON:PSON) Given Buy Rating at Shore Capital

Shore Capital restated their buy rating on shares of Pearson (LON:PSON) in a research report report published on Friday morning, ThisIsMoney.Co.Uk reports.

PSON has been the topic of several other reports. UBS Group restated a neutral rating and set a GBX 915 ($11.96) target price (up from GBX 870 ($11.37)) on shares of Pearson in a report on Monday, July 29th. Deutsche Bank restated a sell rating on shares of Pearson in a report on Friday, July 12th. Goldman Sachs Group reiterated a sell rating on shares of Pearson in a report on Monday, June 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Pearson from GBX 1,105 ($14.44) to GBX 1,115 ($14.57) and gave the company an overweight rating in a report on Tuesday. Finally, Liberum Capital reiterated a sell rating on shares of Pearson in a report on Friday, July 26th. Six investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 770.10 ($10.06).

PSON stock traded down GBX 19 ($0.25) during mid-day trading on Friday, hitting GBX 830.40 ($10.85). 4,684,607 shares of the company were exchanged, compared to its average volume of 4,520,000. The company has a current ratio of 1.95, a quick ratio of 1.20 and a debt-to-equity ratio of 48.18. The company has a market cap of $6.49 billion and a price-to-earnings ratio of 14.42. The business has a 50 day simple moving average of GBX 850.08. Pearson has a 1-year low of GBX 764 ($9.98) and a 1-year high of GBX 1,030 ($13.46).

The firm also recently disclosed a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 15th will be issued a GBX 6 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 0.64%. Pearson’s dividend payout ratio (DPR) is presently 0.21%.

In related news, insider Coram Williams sold 13,666 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of GBX 824 ($10.77), for a total transaction of £112,607.84 ($147,142.09). Also, insider Elizabeth Corley bought 1,736 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were purchased at an average price of GBX 816 ($10.66) per share, for a total transaction of £14,165.76 ($18,510.07).

About Pearson

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through North America, Core, and Growth segments. It offers courseware services, including curriculum materials provided in book form and/or through access to digital content; and assessments, such as test development, processing, and scoring services.

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