Pearson (LON:PSON) Hits New 12-Month High – What’s Next?

Pearson plc (LON:PSON)’s share price reached 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 traded. The stock had previously closed at GBX 1,238.50.

Analyst Upgrades and Downgrades

PSON has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,033 price objective on shares of Pearson in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lifted their target price 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,254.33.

Pearson Trading Up 0.1%

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 stock has a market cap of £7.59 billion, a P/E ratio of 24.93, a PEG ratio of 0.83 and a beta of 0.34. The firm’s fifty day moving average price is GBX 1,146.27 and its two-hundred day moving average price is GBX 1,044.45.

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.