Pearson (LON:PSON) Reaches New 1-Year High – Still a Buy?

Pearson plc (LON:PSON)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 1,354.50 ($16.91) and last traded at GBX 1,348 ($16.82), with a volume of 1449953 shares changing hands. The stock had previously closed at GBX 1,343 ($16.76).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price target on Pearson from GBX 1,400 ($17.47) to GBX 1,450 ($18.10) and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,159.25 ($14.47).

Pearson Trading Up 0.7 %

The company has a debt-to-equity ratio of 43.56, a quick ratio of 1.07 and a current ratio of 1.78. The business has a 50 day moving average of GBX 1,279.86 and a two-hundred day moving average of GBX 1,140.44. The firm has a market capitalization of £8.98 billion, a price-to-earnings ratio of 2,704.00, a P/E/G ratio of 0.83 and a beta of 0.31.

Insider Buying and Selling at Pearson

In related news, insider Sherry Coutu purchased 731 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of GBX 1,282 ($16.00) per share, with a total value of £9,371.42 ($11,696.73). Also, insider Omar Abbosh sold 77,989 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.18), for a total transaction of £1,010,737.44 ($1,261,529.51). 0.35% of the stock is owned by corporate insiders.

Pearson Company Profile

At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.