Pearson (LON:PSON) Shares Cross Above 200-Day Moving Average – Time to Sell?

Pearson plc (LON:PSON)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,088.82 and traded as high as GBX 1,198.50. Pearson shares last traded at GBX 1,187.50, with a volume of 1,407,197 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Pearson from GBX 1,033 to GBX 1,130 and gave the company a “hold” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. lowered their price target on Pearson from GBX 1,430 to GBX 1,420 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Pearson has a consensus rating of “Hold” and a consensus price target of GBX 1,283.33.

Pearson Stock Performance

The firm’s 50 day simple moving average is GBX 1,213.41 and its 200 day simple moving average is GBX 1,090.52. The firm has a market capitalization of £7.11 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 0.83 and a beta of 0.34. The company has a debt-to-equity ratio of 52.56, a quick ratio of 1.07 and a current ratio of 2.00.

Pearson (LON:PSON) last released its quarterly earnings data on Friday, July 31st. The company reported GBX 28.90 earnings per share for the quarter. Pearson had a net margin of 8.78% and a return on equity of 9.13%.

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.