Pearson (LON:PSON) Reaches New 52-Week High – Should You Buy?

Pearson plc (LON:PSON) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1,242 and last traded at GBX 1,223.81, with a volume of 2035710 shares. The stock had previously closed at GBX 1,196.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Pearson from GBX 1,420 to GBX 1,430 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,033 price objective on shares of Pearson in a research report on Tuesday, May 5th. Two equities research 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.com, Pearson currently has an average rating of “Moderate Buy” and an average price target of GBX 1,254.33.

Pearson Trading Down 0.3%

The stock has a market cap of £7.40 billion, a PE ratio of 24.30, a PEG ratio of 0.83 and a beta of 0.34. The business has a 50-day moving average of GBX 1,126.67 and a 200 day moving average of GBX 1,035.96. The company has a debt-to-equity ratio of 40.60, 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.