Pearson (LON:PSON) Sets New 12-Month High – What’s Next?

Pearson plc (LON:PSON)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,285.50 ($16.07) and last traded at GBX 1,280 ($16.00), with a volume of 9457627 shares trading hands. The stock had previously closed at GBX 1,276 ($15.95).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their target price on Pearson from GBX 1,170 ($14.62) to GBX 1,400 ($17.50) and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,146.75 ($14.33).

Pearson Trading Down 0.6 %

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 firm has a 50 day moving average price of GBX 1,162.59 and a 200 day moving average price of GBX 1,062.86. The stock has a market capitalization of £8.36 billion, a PE ratio of 2,517.00, a P/E/G ratio of 0.83 and a beta of 0.31.

Insider Buying and Selling

In other news, insider Sherry Coutu purchased 731 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of GBX 1,282 ($16.02) per share, for a total transaction of £9,371.42 ($11,712.81). 0.35% of the stock is currently owned by corporate 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.