Pearson (LON:PSON) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Pearson plc (LON:PSON) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,207.15 ($15.63) and traded as high as GBX 1,220.14 ($15.80). Pearson shares last traded at GBX 1,216 ($15.74), with a volume of 342,507,469 shares traded.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their target price on Pearson from GBX 1,400 ($18.13) to GBX 1,450 ($18.77) and gave the company an “overweight” rating in a research note on Tuesday, January 14th.

Pearson Price Performance

The stock has a market capitalization of £8.21 billion, a PE ratio of 23.57, a P/E/G ratio of 0.83 and a beta of 0.31. The company has a debt-to-equity ratio of 42.49, a current ratio of 1.78 and a quick ratio of 1.07. The stock’s fifty day moving average is GBX 1,304.50 and its 200-day moving average is GBX 1,207.15.

Pearson (LON:PSON) last posted its quarterly earnings data on Friday, February 28th. The company reported GBX 62.10 ($0.80) EPS for the quarter. Pearson had a return on equity of 8.98% and a net margin of 9.83%.

Pearson Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, March 20th will be paid a GBX 16.60 ($0.21) dividend. This is an increase from Pearson’s previous dividend of $7.40. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, March 20th. Pearson’s dividend payout ratio (DPR) is currently 44.58%.

Insider Buying and Selling at Pearson

In related news, insider Omar Abbosh sold 77,989 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.78), for a total transaction of £1,010,737.44 ($1,308,567.37). 0.35% of the stock is owned by insiders.

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.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.