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

Shares of Pearson plc (LON:PSON) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,363 ($17.19) and last traded at GBX 1,363 ($17.19), with a volume of 916593 shares trading hands. The stock had previously closed at GBX 1,348 ($17.01).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price objective on shares of Pearson from GBX 1,400 ($17.66) to GBX 1,450 ($18.29) and gave the stock an “overweight” rating in a research note on Tuesday, January 14th.

Pearson Trading Up 1.1 %

The stock has a market cap of £9.20 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49. The business’s fifty day simple moving average is GBX 1,299.33 and its 200 day simple moving average is GBX 1,163.31.

Insider Buying and Selling

In related news, insider Omar Abbosh sold 77,989 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.35), for a total value of £1,010,737.44 ($1,275,056.69). Also, insider Sherry Coutu bought 731 shares of the stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of GBX 1,282 ($16.17) per share, with a total value of £9,371.42 ($11,822.15). 0.35% of the stock is currently owned by corporate 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.