Pearson (LON:PSON) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Pearson plc (LON:PSON) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,006.31 and traded as high as GBX 1,009. Pearson shares last traded at GBX 1,009, with a volume of 987,176,813 shares trading hands.

Analysts Set New Price Targets

Separately, Citigroup started coverage on shares of Pearson in a report on Monday, January 12th. They set a “buy” rating and a GBX 1,300 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,220.

Pearson Stock Up 2.2%

The company has a market cap of £6.35 billion, a P/E ratio of 19.90, a PEG ratio of 0.83 and a beta of 0.34. The company has a quick ratio of 1.07, a current ratio of 2.00 and a debt-to-equity ratio of 52.00. The firm has a fifty day moving average price of GBX 950.56 and a 200 day moving average price of GBX 1,006.31.

Pearson (LON:PSON) last released its quarterly earnings results on Monday, March 2nd. The company reported GBX 64.50 earnings per share (EPS) for the quarter. Pearson had a return on equity of 9.26% and a net margin of 9.37%.

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.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.