Pearson (LON:PSON) Shares Break Above 200 Day Moving Average – Time to Sell?

Pearson plc (LON:PSON) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 1,163.30 and traded as high as GBX 1,331.50. Pearson shares last traded at GBX 1,320.50, with a volume of 2,276,639 shares.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup increased their price objective on Pearson from GBX 1,300 to GBX 1,345 and gave the stock a “neutral” rating in a report on Wednesday, September 2nd. JPMorgan Chase & Co. lowered their target price on Pearson from GBX 1,420 to GBX 1,360 and set a “neutral” rating on the stock in a research report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Pearson from GBX 1,033 to GBX 1,130 and gave the company a “hold” rating in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Pearson currently has an average rating of “Hold” and a consensus target price of GBX 1,278.33.

Pearson Stock Up 3.1%

The firm has a market cap of £8.11 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34. The stock’s 50 day moving average is GBX 1,211.27 and its 200 day moving average is GBX 1,165.77. The company has a quick ratio of 1.07, a current ratio of 2.00 and a debt-to-equity ratio of 52.56.

Pearson (LON:PSON) last released its earnings results on Friday, July 31st. The company reported GBX 28.90 earnings per share for the quarter. Pearson had a return on equity of 9.13% and a net margin of 8.78%.

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.17,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We serve customers in over 40 countries, supporting lifelong learning through world-class assessments and learning experiences, and trusted certifications and credentialing. For us, learning isn’t just what we do.