Pearson (LON:PSON) Hits New 52-Week High – Here’s Why

Pearson plc (LON:PSON) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 1,287.50 ($16.13) and last traded at GBX 1,283.50 ($16.08), with a volume of 1892178 shares. The stock had previously closed at GBX 1,278.50 ($16.02).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price target on shares of Pearson from GBX 1,170 ($14.66) to GBX 1,400 ($17.54) and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,146.75 ($14.37).

Pearson Stock Performance

The firm has a market cap of £8.54 billion, a PE ratio of 2,571.00, a PEG ratio of 0.83 and a beta of 0.31. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 43.56. The company has a 50-day simple moving average of GBX 1,187.80 and a two-hundred day simple moving average of GBX 1,074.28.

Insider Activity at Pearson

In other news, insider Sherry Coutu bought 731 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of GBX 1,282 ($16.07) per share, with a total value of £9,371.42 ($11,743.63). 0.35% of the stock is owned by company insiders.

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.