Pearson (LON:PSON) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Pearson plc (LON:PSON) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,071.97 ($13.45) and traded as high as GBX 1,282.50 ($16.09). Pearson shares last traded at GBX 1,278.50 ($16.04), with a volume of 1,236,770 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price objective on Pearson from GBX 1,170 ($14.67) to GBX 1,400 ($17.56) and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Pearson presently has an average rating of “Moderate Buy” and an average target price of GBX 1,146.75 ($14.38).

Pearson Price Performance

The firm has a market capitalization of £8.49 billion, a price-to-earnings ratio of 2,557.00, a PEG ratio of 0.83 and a beta of 0.31. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 43.56. The business has a 50-day moving average price of GBX 1,182.78 and a two-hundred day moving average price of GBX 1,071.97.

Insider Buying and Selling at Pearson

In other Pearson news, insider Sherry Coutu purchased 731 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of GBX 1,282 ($16.08) per share, with a total value of £9,371.42 ($11,753.94). 0.35% of the stock is currently owned by company insiders.

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.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.