Pearson (LON:PSON) Hits New 1-Year High – What’s Next?

Pearson plc (LON:PSON) shares hit a new 52-week high during mid-day 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.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,130 price target on shares of Pearson in a research note on Friday. Citigroup lifted their price objective on shares of Pearson from GBX 1,300 to GBX 1,345 and gave the stock a “neutral” rating in a research note on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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 research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Pearson presently has a consensus rating of “Hold” and an average price target of GBX 1,278.33.

Pearson Price Performance

The firm has a market cap of £8.33 billion, a price-to-earnings ratio of 27.73, a P/E/G 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 52.56. The company has a 50 day moving average of GBX 1,233.60 and a 200 day moving average of GBX 1,184.37.

Pearson (LON:PSON) last posted its earnings results on Friday, July 31st. The company reported GBX 28.90 earnings per share (EPS) for the quarter. Pearson had a return on equity of 9.13% and a net margin of 8.78%.

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.