Pearson (LON:PSON) Sets New 52-Week High – Time to Buy?

Pearson plc (LON:PSON) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,363 ($17.22) and last traded at GBX 1,363 ($17.22), with a volume of 916593 shares traded. The stock had previously closed at GBX 1,348 ($17.03).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their target price on Pearson from GBX 1,400 ($17.69) to GBX 1,450 ($18.32) and gave the company an “overweight” rating in a research report on Tuesday, January 14th.

Pearson Stock Performance

The company has a market cap of £9.17 billion, a PE ratio of 26.32, a PEG ratio of 0.83 and a beta of 0.31. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 42.49. The company has a 50-day moving average of GBX 1,305.03 and a 200-day moving average of GBX 1,169.33.

Insider Activity at Pearson

In other Pearson news, insider Sherry Coutu purchased 731 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of GBX 1,282 ($16.20) per share, for a total transaction of £9,371.42 ($11,840.08). Also, insider Omar Abbosh sold 77,989 shares of Pearson stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.37), for a total value of £1,010,737.44 ($1,276,989.82). 0.35% of the stock is owned by 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.