Pearson (LON:PSON) Reaches New 52-Week High – Still a Buy?

Shares of Pearson plc (LON:PSON) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 1,305 ($16.28) and last traded at GBX 1,302.50 ($16.25), with a volume of 1058129 shares trading hands. The stock had previously closed at GBX 1,288 ($16.07).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price target on Pearson from GBX 1,170 ($14.60) to GBX 1,400 ($17.47) and gave the stock an “overweight” rating in a 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 company. According to MarketBeat, Pearson currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,146.75 ($14.31).

Pearson Stock Down 0.2 %

The firm has a market capitalization of £8.64 billion, a price-to-earnings ratio of 2,601.00, a P/E/G ratio of 0.83 and a beta of 0.31. The stock has a fifty day moving average of GBX 1,228.67 and a two-hundred day moving average of GBX 1,094.61. The company has a debt-to-equity ratio of 43.56, a current ratio of 1.78 and a quick ratio of 1.07.

Insider Transactions at Pearson

In other Pearson news, insider Sherry Coutu purchased 731 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of GBX 1,282 ($15.99) per share, for a total transaction of £9,371.42 ($11,690.89). Also, insider Omar Abbosh sold 77,989 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.17), for a total value of £1,010,737.44 ($1,260,900.00). 0.35% of the stock is owned by corporate insiders.

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.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.