Pearson (LON:PSON) Hits New 52-Week High – Here’s Why

Pearson plc (LON:PSON)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,305 ($16.06) and last traded at GBX 1,302.50 ($16.03), with a volume of 1058129 shares traded. The stock had previously closed at GBX 1,288 ($15.85).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price objective on Pearson from GBX 1,170 ($14.40) to GBX 1,400 ($17.23) and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,146.75 ($14.11).

Pearson Trading Down 0.4 %

The company has a 50 day simple moving average of GBX 1,238.39 and a 200 day simple moving average of GBX 1,098.46. The stock has a market capitalization of £8.63 billion, a PE ratio of 2,599.00, a P/E/G 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.

Insiders Place Their Bets

In other news, insider Sherry Coutu purchased 731 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of GBX 1,282 ($15.77) per share, with a total value of £9,371.42 ($11,531.22). Also, insider Omar Abbosh sold 77,989 shares of Pearson stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($15.95), for a total value of £1,010,737.44 ($1,243,678.41). 0.35% of the stock is owned by insiders.

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.