JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Pearson (LON:PSON) Stock

Pearson (LON:PSON) had its price objective upped by JPMorgan Chase & Co. from GBX 1,170 ($14.77) to GBX 1,400 ($17.67) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Pearson Stock Up 0.9 %

Shares of PSON opened at GBX 1,282 ($16.18) on Wednesday. The firm has a market capitalization of £8.51 billion, a P/E ratio of 2,564.00, a P/E/G ratio of 0.83 and a beta of 0.31. Pearson has a 12-month low of GBX 925.20 ($11.68) and a 12-month high of GBX 1,285.50 ($16.22). The firm has a fifty day moving average price of GBX 1,147.55 and a 200-day moving average price of GBX 1,056.29. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 43.56.

Insiders Place Their Bets

In other news, insider Sherry Coutu bought 922 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was acquired at an average cost of GBX 1,017 ($12.84) per share, with a total value of £9,376.74 ($11,834.84). Insiders own 0.35% of the company’s stock.

About Pearson

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, Workforce Skills, and Higher Education.