Pearson (LON:PSON) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Pearson plc (LON:PSON) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,026.62 ($13.03) and traded as high as GBX 1,210 ($15.36). Pearson shares last traded at GBX 1,200 ($15.23), with a volume of 1,147,923 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “buy” rating on shares of Pearson in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Pearson has an average rating of “Moderate Buy” and an average target price of GBX 1,101.75 ($13.98).

Pearson Trading Down 0.2 %

The firm has a market cap of £7.96 billion, a P/E ratio of 2,400.00, a PEG ratio of 0.83 and a beta of 0.31. The company has a debt-to-equity ratio of 43.56, a current ratio of 1.78 and a quick ratio of 1.07. The stock has a 50 day moving average of GBX 1,081.01 and a 200 day moving average of GBX 1,026.62.

Insider Buying and Selling at Pearson

In other Pearson news, insider Sherry Coutu purchased 922 shares of the business’s stock in a transaction on Monday, September 30th. The stock was acquired at an average cost of GBX 1,017 ($12.91) per share, for a total transaction of £9,376.74 ($11,899.42). Company insiders own 0.35% of the company’s stock.

Pearson Company Profile

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.