Pearson (LON:PSON) Hits New 1-Year High – Here’s Why

Pearson plc (LON:PSON)’s share price hit a new 52-week high during trading on Friday . The company traded as high as GBX 1,175 and last traded at GBX 1,163.50, with a volume of 6538128 shares. The stock had previously closed at GBX 1,143.50.

Analyst Ratings Changes

PSON has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,033 target price on shares of Pearson in a report on Tuesday, May 5th. JPMorgan Chase & Co. raised their target price on 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 given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,254.33.

Pearson Stock Performance

The company has a debt-to-equity ratio of 52.00, a quick ratio of 1.07 and a current ratio of 2.00. The business’s fifty day simple moving average is GBX 1,076.49 and its 200-day simple moving average is GBX 1,016.24. The firm has a market capitalization of £7.01 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34.

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.