Pearson (LON:PSON) Stock Passes Above Two Hundred Day Moving Average of $837.92

Pearson plc (LON:PSON)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 837.92 ($10.49) and traded as high as GBX 888.80 ($11.12). Pearson shares last traded at GBX 877 ($10.97), with a volume of 1,074,381 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,230 ($15.39) price target on shares of Pearson in a report on Friday, June 23rd. Shore Capital restated a “buy” rating on shares of Pearson in a research report on Thursday, August 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Pearson has an average rating of “Moderate Buy” and an average price target of GBX 1,015 ($12.70).

Pearson Stock Up 0.9 %

The stock has a market capitalization of £6.34 billion, a PE ratio of 2,192.50, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. The company has a current ratio of 2.16, a quick ratio of 1.07 and a debt-to-equity ratio of 34.17. The company’s 50-day moving average is GBX 844.39 and its 200 day moving average is GBX 837.92.

Pearson Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 10th will be issued a GBX 7 ($0.09) dividend. The ex-dividend date is Thursday, August 10th. This represents a yield of 0.8%. Pearson’s dividend payout ratio (DPR) is presently 5,500.00%.

About Pearson

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Higher Education, and Workforce Skills.