Pearson (LON:PSON) Sets New 12-Month High – What’s Next?

Pearson plc (LON:PSON – Get Free Report) reached a new 52-week high on Friday . The stock traded as high as GBX 1,177 and last traded at GBX 1,161, with a volume of 238553688 shares trading hands. The stock had previously closed at GBX 1,155.

Analyst Ratings Changes

PSON has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Pearson from GBX 1,420 to GBX 1,430 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,033 target price on shares of Pearson in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,254.33.

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Pearson Trading Up 1.9%

The firm has a market cap of £7.07 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34. The business has a 50 day moving average of GBX 1,116.82 and a 200 day moving average of GBX 1,030.89. The company has a quick ratio of 1.07, a current ratio of 2.00 and a debt-to-equity ratio of 40.60.

Pearson Company Profile

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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.

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