JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Pearson (LON:PSON) Stock

Pearson (LON:PSON) had its price objective boosted by analysts at JPMorgan Chase & Co. from GBX 1,400 ($17.14) to GBX 1,450 ($17.75) in a report released on Tuesday, MarketBeat Ratings reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 11.97% from the company’s current price.

Pearson Trading Up 0.4 %

Shares of PSON opened at GBX 1,295 ($15.85) on Tuesday. The company has a debt-to-equity ratio of 43.56, a quick ratio of 1.07 and a current ratio of 1.78. The firm has a market cap of £8.60 billion, a P/E ratio of 2,590.00, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. Pearson has a fifty-two week low of GBX 925.20 ($11.32) and a fifty-two week high of GBX 1,316 ($16.11). The business has a 50-day moving average of GBX 1,247.52 and a 200 day moving average of GBX 1,106.47.

Insider Activity

In other Pearson news, insider Sherry Coutu purchased 731 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average price of GBX 1,282 ($15.69) per share, with a total value of £9,371.42 ($11,470.53). Also, insider Omar Abbosh sold 77,989 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($15.86), for a total transaction of £1,010,737.44 ($1,237,132.73). 0.35% of the stock is owned by company insiders.

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.