Pearson (LON:PSON) Reaches New 1-Year High – Still a Buy?

Shares of Pearson plc (LON:PSON) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 1,268 and last traded at GBX 1,268, with a volume of 2618029 shares. The stock had previously closed at GBX 1,238.50.

Analysts Set New Price Targets

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

Pearson Trading Down 0.6%

The company has a current ratio of 2.00, a quick ratio of 1.07 and a debt-to-equity ratio of 40.60. The company has a market cap of £7.57 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34. The firm has a 50-day moving average price of GBX 1,138.98 and a 200 day moving average price of GBX 1,041.56.

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.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.