Pearson (LON:PSON) Hits New 52-Week High – What’s Next?

Pearson plc (LON:PSON) shares reached a new 52-week high on Friday . The company traded as high as GBX 1,390.50 ($17.49) and last traded at GBX 1,374 ($17.28), with a volume of 2710734 shares traded. The stock had previously closed at GBX 1,335.50 ($16.80).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price objective on shares of Pearson from GBX 1,400 ($17.61) to GBX 1,450 ($18.24) and gave the stock an “overweight” rating in a research note on Tuesday, January 14th.

Pearson Price Performance

The firm has a 50-day moving average of GBX 1,311.50 and a 200-day moving average of GBX 1,180.53. The stock has a market cap of £9.19 billion, a PE ratio of 26.39, a PEG 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.

Pearson (LON:PSON) last announced its quarterly earnings data on Friday, February 28th. The company reported GBX 62.10 ($0.78) earnings per share (EPS) for the quarter. Pearson had a net margin of 9.83% and a return on equity of 8.98%.

Insider Activity at Pearson

In other Pearson news, insider Sherry Coutu purchased 731 shares of Pearson stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of GBX 1,282 ($16.12) per share, for a total transaction of £9,371.42 ($11,786.47). Also, insider Omar Abbosh sold 77,989 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.30), for a total transaction of £1,010,737.44 ($1,271,207.95). 0.35% of the stock is currently owned by corporate 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.