Pearson (LON:PSON) Shares Cross Above 200 Day Moving Average of $794.13

Pearson plc (LON:PSONGet 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

The company also recently disclosed a dividend, which was paid on Monday, September 19th. Investors of record on Thursday, August 11th were given a dividend of GBX 6.60 ($0.08) per share. The ex-dividend date was Thursday, August 11th. This represents a yield of 0.87%. Pearson’s dividend payout ratio is 56.94%.

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

(Get Rating)

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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