Pearson (LON:PSON) Hits New 52-Week High – Here’s What Happened

Pearson plc (LON:PSON)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,354.50 ($16.84) and last traded at GBX 1,348 ($16.76), with a volume of 1449953 shares trading hands. The stock had previously closed at GBX 1,343 ($16.70).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price target on shares of Pearson from GBX 1,400 ($17.41) to GBX 1,450 ($18.03) and gave the stock an “overweight” rating in a research report on Tuesday, January 14th.

Pearson Stock Down 0.6 %

The stock has a 50-day moving average of GBX 1,283.91 and a 200-day moving average of GBX 1,144.09. The company has a debt-to-equity ratio of 43.56, a current ratio of 1.78 and a quick ratio of 1.07. The firm has a market cap of £8.73 billion, a price-to-earnings ratio of 2,628.00, a P/E/G ratio of 0.83 and a beta of 0.31.

Insider Activity

In other Pearson news, insider Sherry Coutu purchased 731 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were bought at an average price of GBX 1,282 ($15.94) per share, for a total transaction of £9,371.42 ($11,654.55). Also, insider Omar Abbosh sold 77,989 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.12), for a total value of £1,010,737.44 ($1,256,979.78). Corporate insiders own 0.35% of the company’s stock.

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.