Pearson (LON:PSON) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Pearson plc (LON:PSON) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,055.92 and traded as high as GBX 1,240. Pearson shares last traded at GBX 1,231, with a volume of 1,374,473 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,033 price objective on shares of Pearson in a research note on Tuesday, May 5th. JPMorgan Chase & Co. cut their target price on shares of Pearson from GBX 1,430 to GBX 1,420 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 1,251.

Pearson Price Performance

The company has a 50 day moving average of GBX 1,171.08 and a 200-day moving average of GBX 1,055.92. The firm has a market capitalization of £7.39 billion, a P/E ratio of 24.28, a P/E/G 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 40.60.

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.