Pearson (LON:PSON) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Pearson plc (LON:PSON)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,078.65 and traded as high as GBX 1,230. Pearson shares last traded at GBX 1,213.17, with a volume of 1,174,674 shares.

Analysts Set New Price Targets

Several research analysts have commented on PSON shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Pearson from GBX 1,033 to GBX 1,130 and gave the company a “hold” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. decreased their price target on shares of Pearson from GBX 1,430 to GBX 1,420 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 1,283.33.

Pearson Trading Down 0.9%

The stock has a 50-day simple moving average of GBX 1,208.03 and a two-hundred day simple moving average of GBX 1,080.45. The company has a debt-to-equity ratio of 52.56, a quick ratio of 1.07 and a current ratio of 2.00. The firm has a market cap of £7.17 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34.

Pearson (LON:PSON) last announced its earnings results on Friday, July 31st. The company reported GBX 28.90 earnings per share (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.