Pearson (LON:PSON) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Pearson plc (LON:PSON) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,021.45 and traded as high as GBX 1,147. Pearson shares last traded at GBX 1,147, with a volume of 1,523,358 shares.

Analyst Ratings Changes

PSON has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,033 target price on shares of Pearson in a research report on Tuesday, May 5th. JPMorgan Chase & Co. upped their target price 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,254.33.

Pearson Stock Performance

The company has a market cap of £6.89 billion, a P/E ratio of 22.62, a P/E/G ratio of 0.83 and a beta of 0.34. The firm has a 50 day moving average price of GBX 1,094.25 and a 200-day moving average price of GBX 1,021.45. The company has a debt-to-equity ratio of 52.00, a quick ratio of 1.07 and a current ratio of 2.00.

About Pearson

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.