Pearson (LON:PSON) Price Target Raised to GBX 1,400 at JPMorgan Chase & Co.

Pearson (LON:PSON) had its price objective raised by research analysts at JPMorgan Chase & Co. from GBX 1,170 ($14.83) to GBX 1,400 ($17.75) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 9.42% from the company’s current price.

Pearson Trading Up 0.0 %

Shares of PSON stock opened at GBX 1,279.50 ($16.22) on Wednesday. The stock’s fifty day moving average price is GBX 1,142.30 and its two-hundred day moving average price is GBX 1,054.22. The company has a market cap of £8.50 billion, a PE ratio of 2,559.00, a P/E/G ratio of 0.83 and a beta of 0.31. Pearson has a fifty-two week low of GBX 925.20 ($11.73) and a fifty-two week high of GBX 1,283.50 ($16.27). The company has a debt-to-equity ratio of 43.56, a quick ratio of 1.07 and a current ratio of 1.78.

Insider Activity at Pearson

In other news, insider Sherry Coutu acquired 922 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were bought at an average price of GBX 1,017 ($12.89) per share, with a total value of £9,376.74 ($11,885.84). 0.35% of the stock is currently owned by company insiders.

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.