Pearson (LON:PSON) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Pearson plc (LON:PSONGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,130.89 and traded as high as GBX 1,207.50. Pearson shares last traded at GBX 1,203.50, with a volume of 1,378,209 shares traded.

Analyst Upgrades and Downgrades

Several research firms have commented on PSON. JPMorgan Chase & Co. dropped their price objective on shares of Pearson from GBX 1,420 to GBX 1,360 and set a “neutral” rating for the company in a report on Thursday, September 10th. Citigroup boosted their target price on Pearson from GBX 1,300 to GBX 1,345 and gave the stock a “neutral” rating in a research report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Pearson from GBX 1,033 to GBX 1,130 and gave the company a “hold” rating in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,278.33.

Get Our Latest Stock Report on PSON

Pearson Trading Down 2.1%

The stock has a market cap of £7.08 billion, a P/E ratio of 23.57, a P/E/G ratio of 0.83 and a beta of 0.34. The company has a debt-to-equity ratio of 52.56, a quick ratio of 1.07 and a current ratio of 2.00. The stock’s fifty day moving average is GBX 1,217.15 and its 200 day moving average is GBX 1,131.23.

Pearson (LON:PSONGet Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported GBX 28.90 earnings per share (EPS) for the quarter. Pearson had a return on equity of 9.13% and a net margin of 8.78%.

Pearson Company Profile

(Get Free Report)

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.

Further Reading

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