Pearson (LON:PSON) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Pearson plc (LON:PSON)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,010.95 and traded as high as GBX 1,125. Pearson shares last traded at GBX 1,123.50, with a volume of 1,236,614 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PSON shares. JPMorgan Chase & Co. upped their price target on shares of Pearson from GBX 1,420 to GBX 1,430 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,033 price target on shares of Pearson in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Pearson currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,254.33.

Pearson Stock Down 1.0%

The stock’s 50-day moving average is GBX 1,058.58 and its 200-day moving average is GBX 1,011.66. The stock has a market cap of £6.72 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34. The company has a current ratio of 2.00, a quick ratio of 1.07 and a debt-to-equity ratio of 52.00.

Pearson (LON:PSON) last announced its earnings results on Monday, March 2nd. The company reported GBX 64.50 earnings per share (EPS) for the quarter. Pearson had a net margin of 9.37% and a return on equity of 9.26%.

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.