Pearson (LON:PSON) Hits New 1-Year High – Here’s What Happened

Pearson plc (LON:PSON) shares hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 1,350 and last traded at GBX 1,339.50, with a volume of 39,318,531 shares changing hands. The stock had previously closed at GBX 1,310.

Wall Street Analyst Weigh In

PSON has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Pearson from GBX 1,420 to GBX 1,360 and set a “neutral” rating for the company in a research report on Thursday, September 10th. Citigroup lifted their target price on shares of Pearson from GBX 1,300 to GBX 1,345 and gave the company a “neutral” rating in a report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Pearson from GBX 1,033 to GBX 1,130 and gave the company a “hold” rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 1,278.33.

Pearson Price Performance

The company has a debt-to-equity ratio of 52.56, a quick ratio of 1.07 and a current ratio of 2.00. The company has a 50-day simple moving average of GBX 1,211.27 and a 200-day simple moving average of GBX 1,165.77. The company has a market cap of £8.10 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.83 and a beta of 0.34.

Pearson (LON:PSON) last issued its earnings results on Friday, July 31st. The company reported GBX 28.90 earnings per share (EPS) for the quarter. Pearson had a return on equity of 9.13% and a net margin of 8.78%.

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.