Pearson (LON:PSON) Price Target Raised to GBX 1,450 at JPMorgan Chase & Co.

Pearson (LON:PSON) had its price target boosted by JPMorgan Chase & Co. from GBX 1,400 ($17.13) to GBX 1,450 ($17.74) in a report issued on Tuesday morning, MarketBeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Pearson Stock Performance

LON PSON opened at GBX 1,263.88 ($15.46) on Tuesday. The business has a 50 day moving average price of GBX 1,250.26 and a 200 day moving average price of GBX 1,107.78. The company has a market capitalization of £8.39 billion, a P/E ratio of 2,527.77, a PEG ratio of 0.83 and a beta of 0.31. Pearson has a 1-year low of GBX 925.20 ($11.32) and a 1-year high of GBX 1,316 ($16.10). The company has a debt-to-equity ratio of 43.56, a current ratio of 1.78 and a quick ratio of 1.07.

Insider Transactions at Pearson

In related news, insider Omar Abbosh sold 77,989 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($15.86), for a total transaction of £1,010,737.44 ($1,236,678.62). Also, insider Sherry Coutu bought 731 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of GBX 1,282 ($15.69) per share, with a total value of £9,371.42 ($11,466.32). Corporate insiders own 0.35% of the company’s stock.

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.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.