Pearson (LON:PSON) Hits New 1-Year High at $1,046.50

Pearson plc (LON:PSON)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,046.50 ($13.23) and last traded at GBX 1,045.50 ($13.21), with a volume of 374340 shares. The stock had previously closed at GBX 1,035 ($13.08).

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PSON shares. Shore Capital reissued a “buy” rating on shares of Pearson in a report on Friday, March 1st. Barclays decreased their price objective on shares of Pearson from GBX 975 ($12.32) to GBX 965 ($12.20) and set an “equal weight” rating for the company in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Pearson from GBX 1,200 ($15.16) to GBX 1,220 ($15.42) and gave the company an “overweight” rating in a report on Wednesday, March 20th.

Pearson Trading Up 0.7 %

The company has a debt-to-equity ratio of 30.19, a quick ratio of 1.07 and a current ratio of 1.73. The company’s fifty day simple moving average is GBX 980.45 and its 200-day simple moving average is GBX 949.51. The company has a market capitalization of £7.13 billion, a P/E ratio of 1,952.83, a PEG ratio of 0.83 and a beta of 0.30.

Pearson Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 21st will be paid a GBX 15.70 ($0.20) dividend. The ex-dividend date is Thursday, March 21st. This is a boost from Pearson’s previous dividend of $7.00. This represents a yield of 1.63%. Pearson’s dividend payout ratio (DPR) is 4,339.62%.

About Pearson

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Higher Education, and Workforce Skills.