Pearson (LON:PSON) Hits New 52-Week High Following Analyst Upgrade

Pearson plc (LON:PSON) reached a new 52-week high during trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from GBX 1,170 to GBX 1,400. JPMorgan Chase & Co. currently has an overweight rating on the stock. Pearson traded as high as GBX 1,263 ($16.11) and last traded at GBX 1,262.50 ($16.11), with a volume of 1605697 shares traded. The stock had previously closed at GBX 1,237.50 ($15.79).

Insider Transactions at Pearson

In related news, insider Sherry Coutu purchased 922 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was acquired at an average price of GBX 1,017 ($12.97) per share, for a total transaction of £9,376.74 ($11,961.65). Corporate insiders own 0.35% of the company’s stock.

Pearson Trading Up 3.4 %

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 business’s 50 day moving average is GBX 1,137.24 and its 200-day moving average is GBX 1,052.19. The firm has a market cap of £8.49 billion, a P/E ratio of 2,558.00, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31.

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.