Pearson (LON:PSON) Sets New 52-Week High – Time to Buy?

Pearson plc (LON:PSON)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,363 ($17.22) and last traded at GBX 1,363 ($17.22), with a volume of 916593 shares trading hands. The stock had previously closed at GBX 1,348 ($17.03).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their target price on Pearson from GBX 1,400 ($17.69) to GBX 1,450 ($18.32) and gave the stock an “overweight” rating in a research note on Tuesday, January 14th.

Pearson Stock Performance

The stock has a 50 day simple moving average of GBX 1,305.03 and a 200 day simple moving average of GBX 1,169.33. The stock has a market cap of £9.17 billion, a P/E ratio of 26.32, a price-to-earnings-growth 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 42.49.

Insider Buying and Selling at Pearson

In other Pearson news, insider Sherry Coutu bought 731 shares of Pearson stock in a transaction on Friday, December 13th. The shares were purchased at an average price of GBX 1,282 ($16.20) per share, with a total value of £9,371.42 ($11,840.08). Also, insider Omar Abbosh sold 77,989 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.37), for a total value of £1,010,737.44 ($1,276,989.82). Company insiders own 0.35% of the company’s stock.

About Pearson

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.