Pearson (LON:PSON) Reaches New 1-Year High – Time to Buy?

Pearson plc (LON:PSON)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,285.50 ($16.07) and last traded at GBX 1,280 ($16.00), with a volume of 9457627 shares traded. The stock had previously closed at GBX 1,276 ($15.95).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their target price on Pearson from GBX 1,170 ($14.62) to GBX 1,400 ($17.50) and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,146.75 ($14.33).

Pearson Stock Down 0.6 %

The stock has a market cap of £8.36 billion, a P/E ratio of 2,517.00, a P/E/G ratio of 0.83 and a beta of 0.31. The company has a debt-to-equity ratio of 43.56, a quick ratio of 1.07 and a current ratio of 1.78. The stock’s fifty day simple moving average is GBX 1,162.59 and its 200-day simple moving average is GBX 1,062.86.

Insider Transactions at Pearson

In other Pearson news, insider Sherry Coutu purchased 922 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were bought at an average price of GBX 1,017 ($12.71) per share, for a total transaction of £9,376.74 ($11,719.46). Company insiders own 0.35% of the company’s stock.

About Pearson

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.