Pearson (LON:PSON) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Pearson plc (LON:PSON)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,071.97 ($13.45) and traded as high as GBX 1,282.50 ($16.09). Pearson shares last traded at GBX 1,278.50 ($16.04), with a volume of 1,236,770 shares changing hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Pearson from GBX 1,170 ($14.67) to GBX 1,400 ($17.56) and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,146.75 ($14.38).

Pearson Stock Performance

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 firm has a market capitalization of £8.49 billion, a PE ratio of 2,557.00, a P/E/G ratio of 0.83 and a beta of 0.31. The firm has a fifty day moving average price of GBX 1,182.78 and a 200 day moving average price of GBX 1,071.97.

Insider Buying and Selling at Pearson

In other Pearson news, insider Sherry Coutu bought 922 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was acquired at an average price of GBX 1,017 ($12.76) per share, with a total value of £9,376.74 ($11,760.62). 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.