Pearson (NYSE:PSO) Hits New 12-Month High at $11.67

Shares of Pearson plc (NYSE:PSOGet Rating) reached a new 52-week high on Tuesday . The company traded as high as $11.67 and last traded at $11.67, with a volume of 2277 shares. The stock had previously closed at $11.63.

Wall Street Analyst Weigh In

PSO has been the topic of a number of recent research reports. Societe Generale lifted their target price on Pearson from GBX 945 ($11.17) to GBX 1,140 ($13.48) in a research report on Tuesday, October 25th. Deutsche Bank Aktiengesellschaft lifted their target price on Pearson from GBX 900 ($10.64) to GBX 1,140 ($13.48) in a research report on Wednesday, October 5th. StockNews.com downgraded Pearson from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th. Credit Suisse Group lifted their price objective on Pearson from GBX 975 ($11.53) to GBX 998 ($11.80) in a report on Monday, October 3rd. Finally, Barclays lifted their price objective on Pearson from GBX 840 ($9.93) to GBX 910 ($10.76) in a report on Friday, September 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Pearson currently has an average rating of “Hold” and a consensus target price of $989.71.

Pearson Price Performance

The business’s 50 day moving average price is $10.48 and its 200-day moving average price is $10.01. The company has a quick ratio of 1.88, a current ratio of 1.95 and a debt-to-equity ratio of 0.26.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Ellevest Inc. raised its stake in shares of Pearson by 78.9% in the second quarter. Ellevest Inc. now owns 2,859 shares of the company’s stock valued at $26,000 after acquiring an additional 1,261 shares during the last quarter. Whittier Trust Co. bought a new position in shares of Pearson in the third quarter valued at approximately $28,000. Captrust Financial Advisors raised its stake in shares of Pearson by 88.3% in the second quarter. Captrust Financial Advisors now owns 3,064 shares of the company’s stock valued at $28,000 after acquiring an additional 1,437 shares during the last quarter. Wipfli Financial Advisors LLC bought a new position in shares of Pearson in the third quarter valued at approximately $36,000. Finally, Quantbot Technologies LP bought a new position in Pearson in the 1st quarter worth approximately $45,000. Institutional investors own 3.09% of the company’s stock.

About Pearson

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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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