Pearson (LON:PSON) Reaches New 1-Year High – Should You Buy?

Pearson plc (LON:PSON)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 1,285.50 ($16.34) and last traded at GBX 1,280 ($16.27), with a volume of 9457627 shares trading hands. The stock had previously closed at GBX 1,276 ($16.22).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their target price on shares of Pearson from GBX 1,170 ($14.87) to GBX 1,400 ($17.80) and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,146.75 ($14.58).

Pearson Trading Up 0.7 %

The company has a debt-to-equity ratio of 43.56, a current ratio of 1.78 and a quick ratio of 1.07. The firm has a fifty day simple moving average of GBX 1,152.59 and a 200-day simple moving average of GBX 1,059.18. The firm has a market cap of £8.54 billion, a P/E ratio of 2,552.00, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31.

Insider Transactions at Pearson

In other Pearson news, insider Sherry Coutu bought 922 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was bought at an average cost of GBX 1,017 ($12.93) per share, with a total value of £9,376.74 ($11,920.59). 0.35% of the stock is owned by insiders.

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.