Pearson (LON:PSON) Sets New 12-Month High – Here’s Why

Pearson plc (LON:PSON)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 1,294.50 ($16.08) and last traded at GBX 1,293.50 ($16.07), with a volume of 1704086 shares traded. The stock had previously closed at GBX 1,282 ($15.93).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their target price on shares of Pearson from GBX 1,170 ($14.53) to GBX 1,400 ($17.39) 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,146.75 ($14.25).

Pearson Trading Down 0.7 %

The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 43.56. The business has a 50 day moving average price of GBX 1,218.35 and a 200-day moving average price of GBX 1,088.90. The firm has a market capitalization of £8.57 billion, a PE ratio of 2,581.00, a P/E/G ratio of 0.83 and a beta of 0.31.

Insider Buying and Selling

In related news, insider Sherry Coutu bought 731 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average cost of GBX 1,282 ($15.93) per share, for a total transaction of £9,371.42 ($11,641.52). 0.35% of the stock is currently owned by corporate 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.