Pearson (LON:PSON) Stock Crosses Above 200-Day Moving Average of $1,006.52

Shares of Pearson plc (LON:PSON) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,006.52 ($13.30) and traded as high as GBX 1,040.50 ($13.75). Pearson shares last traded at GBX 1,024 ($13.53), with a volume of 1,417,131 shares.

Analyst Ratings Changes

A number of brokerages recently issued reports on PSON. Deutsche Bank Aktiengesellschaft boosted their price objective on Pearson from GBX 1,050 ($13.87) to GBX 1,052 ($13.90) and gave the company a “hold” rating in a research note on Friday, July 5th. Citigroup reissued a “buy” rating and issued a GBX 1,170 ($15.46) price target on shares of Pearson in a research report on Monday, July 8th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Pearson in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,101.75 ($14.55).

Pearson Trading Down 0.9 %

The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 43.56. The firm has a market capitalization of £6.81 billion, a P/E ratio of 2,048.17, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. The firm’s 50-day simple moving average is GBX 1,041.16 and its 200-day simple moving average is GBX 1,007.12.

Pearson Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 8th were issued a dividend of GBX 7.40 ($0.10) per share. This represents a dividend yield of 0.7%. The ex-dividend date was Thursday, August 8th. Pearson’s dividend payout ratio is currently 4,600.00%.

Insider Activity at Pearson

In other news, insider Annette Thomas acquired 383 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were bought at an average cost of GBX 985 ($13.01) per share, with a total value of £3,772.55 ($4,983.55). 0.35% of the stock is owned by insiders.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.