Pearson (LON:PSON) Reaches New 1-Year High – Here’s Why

Shares of Pearson plc (LON:PSON) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 1,324 and last traded at GBX 1,306, with a volume of 1661217 shares trading hands. The stock had previously closed at GBX 1,310.

Wall Street Analyst Weigh In

Several research firms recently commented on PSON. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,033 price objective on shares of Pearson in a report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their target price on Pearson from GBX 1,430 to GBX 1,420 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Pearson has a consensus rating of “Hold” and an average price target of GBX 1,251.

Pearson Stock Up 0.2%

The company has a current ratio of 2.00, a quick ratio of 1.07 and a debt-to-equity ratio of 40.60. The firm has a market cap of £7.88 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34. The stock has a fifty day simple moving average of GBX 1,183.85 and a two-hundred day simple moving average of GBX 1,062.89.

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.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.