Pearson (LON:PSON) Sets New 52-Week High – Time to Buy?

Pearson plc (LON:PSON)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 1,177 and last traded at GBX 1,161, with a volume of 238553688 shares trading hands. The stock had previously closed at GBX 1,155.

Analyst Ratings Changes

PSON has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Pearson from GBX 1,420 to GBX 1,430 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,033 price target on shares of Pearson in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,254.33.

Pearson Stock Up 1.9%

The company has a debt-to-equity ratio of 40.60, a quick ratio of 1.07 and a current ratio of 2.00. The company has a market capitalization of £7.07 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34. The firm’s 50-day simple moving average is GBX 1,116.82 and its 200 day simple moving average is GBX 1,030.89.

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.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.