Insider Buying: Pearson plc (PSON) Insider Acquires 10,000 Shares of Stock
Pearson plc (LON:PSON) insider John Fallon acquired 10,000 shares of Pearson plc stock in a transaction on Wednesday, October 19th. The stock was acquired at an average price of GBX 755 ($9.20) per share, with a total value of £75,500 ($92,017.06).
Pearson plc (LON:PSON) traded up 2.15% during trading on Wednesday, reaching GBX 761.00. The company had a trading volume of 4,256,763 shares. Pearson plc has a one year low of GBX 644.50 and a one year high of GBX 1,193.00. The firm’s 50 day moving average is GBX 800.66 and its 200 day moving average is GBX 850.57. The company’s market capitalization is GBX 6.20 billion.
A number of research analysts have issued reports on PSON shares. Goldman Sachs Group Inc. restated a “sell” rating and issued a GBX 865 ($10.54) price objective on shares of Pearson plc in a research note on Tuesday, July 19th. Panmure Gordon restated a “buy” rating and issued a GBX 870 ($10.60) price objective on shares of Pearson plc in a research note on Friday, October 14th. Jefferies Group restated a “buy” rating and issued a GBX 880 ($10.73) price objective on shares of Pearson plc in a research note on Tuesday, October 11th. Deutsche Bank AG restated a “sell” rating and issued a GBX 770 ($9.38) price objective on shares of Pearson plc in a research note on Wednesday, October 12th. Finally, Liberum Capital restated a “sell” rating and issued a GBX 470 ($5.73) price objective on shares of Pearson plc in a research note on Monday, September 12th. Seven equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 904.57 ($11.02).
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About Pearson plc
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
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