Pearson (LON:PSON) Sets New 12-Month High – Time to Buy?

Pearson plc (LON:PSON) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 1,177 and last traded at GBX 1,161, with a volume of 238553688 shares traded. The stock had previously closed at GBX 1,155.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Pearson from GBX 1,420 to GBX 1,430 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,033 price objective on shares of Pearson in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Pearson has a consensus rating of “Moderate Buy” and an average price target of GBX 1,254.33.

Pearson Price Performance

The firm has a market cap of £7.07 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34. The company has a debt-to-equity ratio of 40.60, a current ratio of 2.00 and a quick ratio of 1.07. The firm’s 50 day moving average is GBX 1,119.36 and its 200 day moving average is GBX 1,031.91.

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.