Pearson (LON:PSON) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Pearson plc (LON:PSON) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,021.45 and traded as high as GBX 1,147. Pearson shares last traded at GBX 1,147, with a volume of 1,523,358 shares traded.

Wall Street Analysts Forecast Growth

PSON has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,033 price target on shares of Pearson in a research report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on Pearson from GBX 1,420 to GBX 1,430 and gave the stock an “overweight” rating in a research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,254.33.

Pearson Stock Performance

The firm has a market capitalization of £6.89 billion, a PE ratio of 22.62, a P/E/G ratio of 0.83 and a beta of 0.34. The company has a debt-to-equity ratio of 52.00, a current ratio of 2.00 and a quick ratio of 1.07. The firm has a fifty day moving average price of GBX 1,094.25 and a 200 day moving average price of GBX 1,021.45.

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.