Pearson (LON:PSON) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Pearson plc (LON:PSON) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,006.49 and traded as high as GBX 1,082. Pearson shares last traded at GBX 1,076.50, with a volume of 116,529,211 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup assumed coverage on Pearson in a research report on Monday, January 12th. They issued a “buy” rating and a GBX 1,300 price target on the stock. JPMorgan Chase & Co. upped their price target on Pearson from GBX 1,420 to GBX 1,430 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 1,290.

Pearson Price Performance

The business has a fifty day simple moving average of GBX 990.16 and a 200 day simple moving average of GBX 1,006.49. The stock has a market capitalization of £6.60 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34. The company has a current ratio of 2.00, a quick ratio of 1.07 and a debt-to-equity ratio of 52.00.

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

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.