Pearson (LON:PSON) Sets New 12-Month High – What’s Next?

Shares of Pearson plc (LON:PSON) hit a new 52-week high on Friday . The company traded as high as GBX 1,175 and last traded at GBX 1,163.50, with a volume of 6538128 shares changing hands. The stock had previously closed at GBX 1,143.50.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PSON. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,033 price objective on shares of Pearson in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price target on Pearson from GBX 1,420 to GBX 1,430 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Pearson currently has an average rating of “Moderate Buy” and an average target price of GBX 1,254.33.

Pearson Trading Up 1.4%

The company has a debt-to-equity ratio of 52.00, a quick ratio of 1.07 and a current ratio of 2.00. The company has a 50-day simple moving average of GBX 1,072.32 and a 200 day simple moving average of GBX 1,015.24. The company has a market capitalization of £7.01 billion, a P/E ratio of 22.87, a P/E/G ratio of 0.83 and a beta of 0.34.

Pearson (LON:PSON) last issued its quarterly earnings results on Monday, March 2nd. The company reported GBX 64.50 EPS for the quarter. Pearson had a return on equity of 9.26% and a net margin of 9.37%.

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.17,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We serve customers in over 40 countries, supporting lifelong learning through world-class assessments and learning experiences, and trusted certifications and credentialing. For us, learning isn’t just what we do.