Pearson (LON:PSON) Price Target Raised to GBX 1,400

Pearson (LON:PSON) had its price objective increased by JPMorgan Chase & Co. from GBX 1,170 ($14.77) to GBX 1,400 ($17.67) in a report released on Wednesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Pearson Stock Up 0.9 %

Shares of LON:PSON opened at GBX 1,282 ($16.18) on Wednesday. The company has a market cap of £8.51 billion, a price-to-earnings ratio of 2,564.00, a PEG ratio of 0.83 and a beta of 0.31. Pearson has a 12 month low of GBX 925.20 ($11.68) and a 12 month high of GBX 1,285.50 ($16.22). The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 43.56. The company has a 50-day moving average price of GBX 1,147.55 and a 200 day moving average price of GBX 1,056.29.

Insider Activity

In other news, insider Sherry Coutu bought 922 shares of Pearson stock in a transaction dated Monday, September 30th. The shares were acquired at an average price of GBX 1,017 ($12.84) per share, with a total value of £9,376.74 ($11,834.84). Corporate insiders own 0.35% of the company’s stock.

About Pearson

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.