Pearson (LON:PSON) Hits New 12-Month High – Here’s Why

Pearson plc (LON:PSONGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,354.50 ($16.91) and last traded at GBX 1,348 ($16.82), with a volume of 1449953 shares. The stock had previously closed at GBX 1,343 ($16.76).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their target price on Pearson from GBX 1,400 ($17.47) to GBX 1,450 ($18.10) and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,159.25 ($14.47).

Check Out Our Latest Report on PSON

Pearson Stock Up 0.7 %

The company has a market cap of £8.98 billion, a P/E ratio of 2,704.00, a PEG ratio of 0.83 and a beta of 0.31. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 43.56. The stock’s 50-day moving average price is GBX 1,279.86 and its 200-day moving average price is GBX 1,140.44.

Insider Transactions at Pearson

In other news, insider Sherry Coutu acquired 731 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of GBX 1,282 ($16.00) per share, for a total transaction of £9,371.42 ($11,696.73). Also, insider Omar Abbosh sold 77,989 shares of Pearson stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.18), for a total transaction of £1,010,737.44 ($1,261,529.51). 0.35% of the stock is currently owned by company insiders.

Pearson Company Profile

(Get Free Report)

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.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.

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