Pearson (LON:PSON) Hits New 12-Month 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 1,316 ($16.34) and last traded at GBX 1,315.50 ($16.34), with a volume of 1361790 shares. The stock had previously closed at GBX 1,300 ($16.15).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Pearson from GBX 1,400 ($17.39) to GBX 1,450 ($18.01) and gave the company an “overweight” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pearson presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,159.25 ($14.40).

Pearson Trading Down 0.1 %

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 business has a 50-day moving average of GBX 1,271.74 and a 200-day moving average of GBX 1,132.07. The stock has a market capitalization of £8.94 billion, a price-to-earnings ratio of 2,691.78, a PEG ratio of 0.83 and a beta of 0.31.

Insider Activity

In related news, insider Sherry Coutu acquired 731 shares of Pearson stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of GBX 1,282 ($15.92) per share, with a total value of £9,371.42 ($11,638.62). Also, insider Omar Abbosh sold 77,989 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.10), for a total value of £1,010,737.44 ($1,255,262.59). Corporate insiders own 0.35% of the company’s stock.

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.