Pearson plc (LON:PSON – Get Rating) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 794.13 ($9.60) and traded as high as GBX 907.80 ($10.97). Pearson shares last traded at GBX 887 ($10.72), with a volume of 1,629,416 shares traded.
Wall Street Analyst Weigh In
Several research firms have commented on PSON. Barclays upped their price objective on shares of Pearson from GBX 775 ($9.36) to GBX 840 ($10.15) and gave the company an “equal weight” rating in a report on Tuesday, August 2nd. Shore Capital reiterated a “buy” rating on shares of Pearson in a report on Friday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 900 ($10.87) price objective on shares of Pearson in a report on Tuesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 876.40 ($10.59).
Pearson Stock Performance
The stock’s 50-day moving average price is GBX 855.91 and its 200-day moving average price is GBX 794.13. The company has a debt-to-equity ratio of 30.17, a current ratio of 1.90 and a quick ratio of 1.07. The company has a market cap of £6.50 billion and a P/E ratio of 2,463.89.
Pearson Cuts Dividend
Insider Buying and Selling
In related news, insider Sally Johnson bought 2,658 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was purchased at an average price of GBX 677 ($8.18) per share, with a total value of £17,994.66 ($21,743.19).
Pearson Company Profile
Pearson plc provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. It operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Higher Education, and Workforce Skills.
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