Pearson (LON:PSON) Reaches New 12-Month High – Still a Buy?

Pearson plc (LON:PSON)’s share price hit a new 52-week high during trading on Monday. The company traded as high as GBX 1,390 and last traded at GBX 1,387, with a volume of 2,074,209 shares traded. The stock had previously closed at GBX 1,368.50.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,130 price objective on shares of Pearson in a research report on Friday, October 23rd. Citigroup raised their target price on Pearson from GBX 1,300 to GBX 1,345 and gave the company a “neutral” rating in a research report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. lowered their target price on Pearson from GBX 1,420 to GBX 1,360 and set a “neutral” rating on the stock in a research note on Thursday, September 10th. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, Pearson has a consensus rating of “Hold” and a consensus target price of GBX 1,278.33.

Pearson Trading Down 1.2%

The company has a quick ratio of 1.07, a current ratio of 2.00 and a debt-to-equity ratio of 52.56. The firm has a 50 day moving average of GBX 1,240.29 and a 200 day moving average of GBX 1,119.29. The firm has a market cap of £7.86 billion, a PE ratio of 26.17, a P/E/G ratio of 0.83 and a beta of 0.34.

Pearson (LON:PSON) last announced its quarterly earnings data on Friday, July 31st. The company reported GBX 28.90 earnings per share 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.