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

Pearson plc (LON:PSON)’s share price hit a new 52-week high on Friday . The company traded as high as GBX 1,390.50 ($17.53) and last traded at GBX 1,374 ($17.32), with a volume of 2710734 shares. The stock had previously closed at GBX 1,335.50 ($16.83).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price objective on Pearson from GBX 1,400 ($17.65) to GBX 1,450 ($18.28) and gave the company an “overweight” rating in a research report on Tuesday, January 14th.

Pearson Trading Up 1.9 %

The company has a debt-to-equity ratio of 42.49, a current ratio of 1.78 and a quick ratio of 1.07. The business’s 50-day simple moving average is GBX 1,309.65 and its two-hundred day simple moving average is GBX 1,177.47. The stock has a market capitalization of £9.19 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 0.83 and a beta of 0.31.

Pearson (LON:PSON) last issued its earnings results on Friday, February 28th. The company reported GBX 62.10 ($0.78) EPS for the quarter. Pearson had a net margin of 9.83% and a return on equity of 8.98%.

Insider Transactions at Pearson

In other news, insider Omar Abbosh sold 77,989 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.33), for a total transaction of £1,010,737.44 ($1,273,931.74). Also, insider Sherry Coutu bought 731 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of GBX 1,282 ($16.16) per share, for a total transaction of £9,371.42 ($11,811.72). Company insiders own 0.35% of the company’s stock.

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.