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

Pearson plc (LON:PSON)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,117.51 ($13.78) and traded as high as GBX 1,279.50 ($15.77). Pearson shares last traded at GBX 1,279.50 ($15.77), with a volume of 1,699,316 shares changing hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their target price on Pearson from GBX 1,400 ($17.26) to GBX 1,450 ($17.88) and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,159.25 ($14.29).

Pearson Price Performance

The company has a market capitalization of £8.50 billion, a PE ratio of 2,559.00, 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 company’s 50 day moving average price is GBX 1,258.12 and its 200-day moving average price is GBX 1,117.51.

Insider Activity at Pearson

In other Pearson news, insider Sherry Coutu bought 731 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of GBX 1,282 ($15.81) per share, with a total value of £9,371.42 ($11,553.96). Also, insider Omar Abbosh sold 77,989 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($15.98), for a total transaction of £1,010,737.44 ($1,246,131.72). 0.35% of the stock is owned by 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.