Pearson (LON:PSON) Reaches New 52-Week High – Here’s Why

Pearson plc (LON:PSON)’s share price hit a new 52-week high on Wednesday . The company traded as high as GBX 1,268 and last traded at GBX 1,268, with a volume of 2618029 shares. The stock had previously closed at GBX 1,238.50.

Analyst Upgrades and Downgrades

PSON has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,033 price objective on shares of Pearson in a research note on Tuesday, May 5th. JPMorgan Chase & Co. upped their price objective on shares of Pearson from GBX 1,420 to GBX 1,430 and gave the stock an “overweight” rating in a report on Thursday, April 9th. 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.com, Pearson currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,254.33.

Pearson Stock Down 0.6%

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 capitalization of £7.57 billion, a P/E ratio of 24.86, a PEG ratio of 0.83 and a beta of 0.34. The stock’s fifty day moving average is GBX 1,138.98 and its two-hundred day moving average is GBX 1,041.56.

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.