Pearson (LON:PSON) Hits New 52-Week High on Analyst Upgrade

Shares of Pearson plc (LON:PSON) hit a new 52-week high during trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from GBX 1,170 to GBX 1,400. JPMorgan Chase & Co. currently has an overweight rating on the stock. Pearson traded as high as GBX 1,263 ($16.14) and last traded at GBX 1,262.50 ($16.13), with a volume of 1605697 shares. The stock had previously closed at GBX 1,237.50 ($15.81).

Insider Activity

In other news, insider Sherry Coutu purchased 922 shares of Pearson stock in a transaction that occurred on Monday, September 30th. The shares were bought at an average cost of GBX 1,017 ($12.99) per share, with a total value of £9,376.74 ($11,979.99). Insiders own 0.35% of the company’s stock.

Pearson Stock Up 2.0 %

The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 43.56. The company’s fifty day moving average price is GBX 1,132.17 and its 200-day moving average price is GBX 1,050.14. The stock has a market capitalization of £8.38 billion, a PE ratio of 2,516.00, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31.

About Pearson

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.