Pearson (LON:PSON) Sets New 12-Month High – Here’s What Happened

Pearson plc (LON:PSON) reached a new 52-week high on Tuesday . The company traded as high as GBX 1,318 and last traded at GBX 1,318, with a volume of 1489561 shares traded. The stock had previously closed at GBX 1,269.46.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PSON. JPMorgan Chase & Co. increased their price objective on Pearson from GBX 1,420 to GBX 1,430 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,033 target price on shares of Pearson in a research note 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,254.33.

Pearson Stock Performance

The stock has a fifty day moving average price of GBX 1,154.80 and a 200 day moving average price of GBX 1,047.85. The company has a current ratio of 2.00, a quick ratio of 1.07 and a debt-to-equity ratio of 40.60. The firm has a market cap of £7.78 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34.

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.