Pearson (LON:PSON) Hits New 52-Week High at $987.09

Pearson plc (LON:PSONGet Rating) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 987.09 ($11.67) and last traded at GBX 986.60 ($11.67), with a volume of 1101672 shares. The stock had previously closed at GBX 977 ($11.55).

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PSON. JPMorgan Chase & Co. cut their target price on shares of Pearson from GBX 1,080 ($12.77) to GBX 1,060 ($12.53) and set an “overweight” rating on the stock in a research note on Tuesday, October 25th. Berenberg Bank raised their price objective on shares of Pearson from GBX 742 ($8.77) to GBX 780 ($9.22) and gave the company a “hold” rating in a research note on Friday, September 23rd. Barclays reaffirmed an “equal weight” rating and issued a GBX 910 ($10.76) price objective on shares of Pearson in a research note on Wednesday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,140 ($13.48) price objective on shares of Pearson in a research note on Tuesday, October 25th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Pearson in a research note on Monday, October 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 978 ($11.56).

Pearson Stock Performance

The company’s fifty day moving average price is GBX 918.83 and its 200 day moving average price is GBX 842.44. The company has a market cap of £7.10 billion and a PE ratio of 2,753.89. The company has a debt-to-equity ratio of 30.17, a current ratio of 1.90 and a quick ratio of 1.07.

About Pearson

(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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