Pearson (LON:PSON) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Pearson plc (LON:PSON) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,100.03 ($14.65) and traded as high as GBX 1,134 ($15.10). Pearson shares last traded at GBX 1,129 ($15.03), with a volume of 1,040,207 shares traded.

Wall Street Analyst Weigh In

PSON has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Pearson from GBX 1,260 to GBX 1,140 and set a “hold” rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Pearson in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,295.

Pearson Trading Up 1.0%

The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49. The firm has a market capitalization of £7.24 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.83 and a beta of 0.31. The firm has a 50-day moving average of GBX 1,067.59 and a two-hundred day moving average of GBX 1,100.03.

Pearson (LON:PSON) last announced its quarterly earnings data on Friday, August 1st. The company reported GBX 24.50 earnings per share for the quarter. Pearson had a return on equity of 8.98% and a net margin of 9.83%.

About Pearson

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.