Pearson (LON:PSON) Reaches New 12-Month High – Should You Buy?

Pearson plc (LON:PSON) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,324 and last traded at GBX 1,306, with a volume of 1661217 shares trading hands. The stock had previously closed at GBX 1,310.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PSON shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,033 price objective on shares of Pearson in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price objective on Pearson from GBX 1,430 to GBX 1,420 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 1,251.

Pearson Stock Down 2.4%

The company’s 50-day moving average is GBX 1,191 and its 200 day moving average is GBX 1,066.43. The stock has a market capitalization of £7.57 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34. The company has a current ratio of 2.00, a quick ratio of 1.07 and a debt-to-equity ratio of 40.60.

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.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.