Pearson (LON:PSON) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Pearson plc (LON:PSON)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,187.59 ($15.35) and traded as high as GBX 1,294.50 ($16.73). Pearson shares last traded at GBX 1,283 ($16.58), with a volume of 235,251,094 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price target on shares of Pearson from GBX 1,400 ($18.09) to GBX 1,450 ($18.74) and gave the stock an “overweight” rating in a research report on Tuesday, January 14th.

Pearson Trading Down 0.5 %

The company has a market cap of £8.66 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. The company’s fifty day moving average price is GBX 1,316.30 and its two-hundred day moving average price is GBX 1,190.31. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 42.49.

Pearson (LON:PSON) last posted its quarterly earnings data on Friday, February 28th. The company reported GBX 62.10 ($0.80) earnings per share for the quarter. Pearson had a net margin of 9.83% and a return on equity of 8.98%.

Insider Activity

In other Pearson news, 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 ($16.75), for a total value of £1,010,737.44 ($1,306,031.06). Also, insider Sherry Coutu acquired 731 shares of Pearson stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of GBX 1,282 ($16.57) per share, for a total transaction of £9,371.42 ($12,109.34). 0.35% of the stock is owned by 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.