Pearson (LON:PSON) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Pearson plc (LON:PSON) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,056.41 and traded as high as GBX 1,060.50. Pearson shares last traded at GBX 1,057.50, with a volume of 3,017,713 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Pearson in a research report on Wednesday, October 15th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pearson presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,295.

Pearson Price Performance

The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49. The company has a market cap of £6.72 billion, a PE ratio of 16.22, a P/E/G ratio of 0.83 and a beta of 0.31. The firm has a 50 day moving average of GBX 1,037.48 and a two-hundred day moving average of GBX 1,056.41.

Insider Buying and Selling at Pearson

In related news, insider Annette Thomas purchased 391 shares of Pearson stock in a transaction dated Tuesday, November 25th. The stock was purchased at an average cost of GBX 991 per share, for a total transaction of £3,874.81. 0.72% of the stock is owned by insiders.

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.