Pearson (LON:PSON) Hits New 1-Year High – Here’s Why

Pearson plc (LON:PSON) reached a new 52-week high on Thursday . The stock traded as high as GBX 1,294.50 ($16.20) and last traded at GBX 1,293.50 ($16.18), with a volume of 1704086 shares changing hands. The stock had previously closed at GBX 1,282 ($16.04).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price target on Pearson from GBX 1,170 ($14.64) to GBX 1,400 ($17.52) and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Pearson currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,146.75 ($14.35).

Pearson Stock Performance

The company has a debt-to-equity ratio of 43.56, a quick ratio of 1.07 and a current ratio of 1.78. The firm’s 50 day moving average is GBX 1,207.94 and its 200-day moving average is GBX 1,083.93. The company has a market cap of £8.59 billion, a PE ratio of 2,588.00, a PEG ratio of 0.83 and a beta of 0.31.

Insider Activity

In other news, insider Sherry Coutu acquired 731 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of GBX 1,282 ($16.04) per share, with a total value of £9,371.42 ($11,726.00). Company insiders own 0.35% of the company’s stock.

Pearson Company Profile

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.