Pearson (LON:PSON) Reaches New 52-Week High – Should You Buy?

Pearson plc (LON:PSON) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1,242 and last traded at GBX 1,223.81, with a volume of 2035710 shares trading hands. The stock had previously closed at GBX 1,196.

Analysts Set New Price Targets

Several brokerages recently commented on PSON. JPMorgan Chase & Co. raised their price objective on shares of Pearson from GBX 1,420 to GBX 1,430 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,033 target price on shares of Pearson in a report 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,254.33.

Pearson Price Performance

The company has a quick ratio of 1.07, a current ratio of 2.00 and a debt-to-equity ratio of 40.60. The company has a market cap of £7.40 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34. The company has a fifty day simple moving average of GBX 1,126.67 and a two-hundred day simple moving average of GBX 1,035.96.

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.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.