Pearson (LON:PSON) Hits New 1-Year High – Here’s Why

Shares of Pearson plc (LON:PSON) reached a new 52-week high on Wednesday . The company traded as high as GBX 1,316 ($16.37) and last traded at GBX 1,315.50 ($16.37), with a volume of 1361790 shares changing hands. The stock had previously closed at GBX 1,300 ($16.18).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price on Pearson from GBX 1,400 ($17.42) to GBX 1,450 ($18.04) and gave the company an “overweight” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pearson has an average rating of “Moderate Buy” and a consensus price target of GBX 1,159.25 ($14.42).

Pearson Stock Performance

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 business has a 50-day simple moving average of GBX 1,266.71 and a 200 day simple moving average of GBX 1,128.28. The firm has a market cap of £8.70 billion, a PE ratio of 2,621.00, a PEG ratio of 0.83 and a beta of 0.31.

Insiders Place Their Bets

In related news, insider Omar Abbosh sold 77,989 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.13), for a total transaction of £1,010,737.44 ($1,257,605.38). Also, insider Sherry Coutu bought 731 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of GBX 1,282 ($15.95) per share, with a total value of £9,371.42 ($11,660.35). Company insiders own 0.35% of the company’s stock.

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.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.