Pearson (LON:PSON) Hits New 52-Week High – What’s Next?

Pearson plc (LON:PSON) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,094.50 ($14.19) and last traded at GBX 1,089.09 ($14.12), with a volume of 2105291 shares. The stock had previously closed at GBX 1,071.50 ($13.90).

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PSON shares. Shore Capital reiterated a “buy” rating on shares of Pearson in a research report on Monday, July 29th. Citigroup reiterated a “buy” rating and set a GBX 1,170 ($15.17) price objective on shares of Pearson in a research report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Pearson from GBX 1,050 ($13.62) to GBX 1,052 ($13.64) and gave the company a “hold” rating in a research report on Friday, July 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,101.75 ($14.29).

Pearson Price Performance

The firm’s 50-day moving average is GBX 1,042.33 and its two-hundred day moving average is GBX 1,009.17. The company has a market cap of £7.57 billion, a P/E ratio of 2,274.00, a PEG ratio of 0.83 and a beta of 0.31. 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 Buying and Selling

In other Pearson news, insider Sherry Coutu purchased 922 shares of Pearson stock in a transaction that occurred on Monday, September 30th. The shares were bought at an average price of GBX 1,017 ($13.19) per share, for a total transaction of £9,376.74 ($12,160.21). 0.35% of the stock is currently owned by company insiders.

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.