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

Pearson plc (LON:PSON)’s share price hit a new 52-week high during trading on Thursday. The company traded as high as GBX 1,350 and last traded at GBX 1,339.50, with a volume of 39,318,531 shares changing hands. The stock had previously closed at GBX 1,310.

Wall Street Analysts Forecast Growth

PSON has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Pearson from GBX 1,420 to GBX 1,360 and set a “neutral” rating for the company in a research note on Thursday, September 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Pearson from GBX 1,033 to GBX 1,130 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Finally, Citigroup lifted their price objective on shares of Pearson from GBX 1,300 to GBX 1,345 and gave the company a “neutral” rating in a research note on Wednesday, September 2nd. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Pearson presently has an average rating of “Hold” and an average price target of GBX 1,278.33.

Pearson Price Performance

The stock has a market cap of £8.10 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.83 and a beta of 0.34. The company has a 50-day moving average of GBX 1,211.27 and a 200-day moving average of GBX 1,165.77. The company has a debt-to-equity ratio of 52.56, a quick ratio of 1.07 and a current ratio of 2.00.

Pearson (LON:PSON) last posted its quarterly earnings data 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%.

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.