Pearson (LON:PSON) Reaches New 1-Year High – Here’s Why

Pearson plc (LON:PSON) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 1,324 and last traded at GBX 1,306, with a volume of 1661217 shares changing hands. The stock had previously closed at GBX 1,310.

Analyst Ratings Changes

Several brokerages have commented on PSON. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,033 price objective on shares of Pearson in a research report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Pearson from GBX 1,430 to GBX 1,420 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pearson currently has an average rating of “Hold” and a consensus price target of GBX 1,251.

Pearson Price Performance

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 business has a 50-day moving average price of GBX 1,183.85 and a 200 day moving average price of GBX 1,062.89. The stock has a market cap of £7.88 billion, a PE ratio of 25.89, a PEG 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.