Pearson (LON:PSON) Hits New 1-Year High – What’s Next?

Shares of Pearson plc (LON:PSON) hit a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 1,390 and last traded at GBX 1,387, with a volume of 2,074,209 shares traded. The stock had previously closed at GBX 1,368.50.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PSON. JPMorgan Chase & Co. dropped their price objective on shares of Pearson from GBX 1,420 to GBX 1,360 and set a “neutral” rating on the stock in a report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,130 target price on shares of Pearson in a research note on Friday. Finally, Citigroup increased their target price on Pearson from GBX 1,300 to GBX 1,345 and gave the stock a “neutral” rating in a report on Wednesday, September 2nd. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 1,278.33.

Pearson Stock Performance

The stock has a fifty day moving average of GBX 1,233.60 and a 200-day moving average of GBX 1,184.37. The firm has a market capitalization of £8.33 billion, a P/E ratio of 27.73, a P/E/G ratio of 0.83 and a beta of 0.34. The company has a quick ratio of 1.07, a current ratio of 2.00 and a debt-to-equity ratio of 52.56.

Pearson (LON:PSON) last released its earnings results on Friday, July 31st. The company reported GBX 28.90 EPS for the quarter. Pearson had a return on equity of 9.13% and a net margin of 8.78%.

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.