Pearson (LON:PSON) Shares Pass Above 200-Day Moving Average – Should You Sell?

Pearson plc (LON:PSON) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,006.66 and traded as high as GBX 1,096. Pearson shares last traded at GBX 1,096, with a volume of 1,074,720 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently commented on PSON. JPMorgan Chase & Co. increased their target price on Pearson from GBX 1,420 to GBX 1,430 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,033 target price on shares of Pearson in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,254.33.

Pearson Trading Down 0.8%

The firm’s 50-day simple moving average is GBX 1,022.51 and its 200-day simple moving average is GBX 1,006.66. The company has a quick ratio of 1.07, a current ratio of 2.00 and a debt-to-equity ratio of 52.00. The firm has a market capitalization of £6.57 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34.

Pearson (LON:PSON) last posted its quarterly earnings results on Monday, March 2nd. The company reported GBX 64.50 earnings per share (EPS) for the quarter. Pearson had a net margin of 9.37% and a return on equity of 9.26%.

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.17,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We serve customers in over 40 countries, supporting lifelong learning through world-class assessments and learning experiences, and trusted certifications and credentialing. For us, learning isn’t just what we do.