Pearson (LON:PSON) Sets New 1-Year High – Still a Buy?

Pearson plc (LON:PSON)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,318 and last traded at GBX 1,318, with a volume of 1489561 shares changing hands. The stock had previously closed at GBX 1,269.46.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Pearson from GBX 1,430 to GBX 1,420 and set a “neutral” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,033 price target on shares of Pearson in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,251.

Pearson Stock Down 1.0%

The company has a debt-to-equity ratio of 40.60, a current ratio of 2.00 and a quick ratio of 1.07. The stock has a market cap of £7.31 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34. The business has a fifty day moving average of GBX 1,159 and a 200-day moving average of GBX 1,050.44.

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.