Pearson (LON:PSON) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Shares of Pearson plc (LON:PSON - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,008.52 ($13.08) and traded as high as GBX 1,073 ($13.92). Pearson shares last traded at GBX 1,071.50 ($13.90), with a volume of 1,171,825 shares traded.

Analyst Ratings Changes

PSON has been the topic of several recent analyst reports. Shore Capital reaffirmed a "buy" rating on shares of Pearson in a research report on Monday, July 29th. Citigroup reiterated a "buy" rating and issued a GBX 1,170 ($15.17) target price on shares of Pearson in a research note on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Pearson from GBX 1,050 ($13.62) to GBX 1,052 ($13.64) and gave the stock a "hold" rating in a research note on Friday, July 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Pearson currently has an average rating of "Moderate Buy" and an average price target of GBX 1,101.75 ($14.29).

Pearson Price Performance

The firm has a market capitalization of £7.42 billion, a PE ratio of 2,227.00, a P/E/G ratio of 0.83 and a beta of 0.31. The firm's fifty day moving average price is GBX 1,040.66 and its 200 day moving average price is GBX 1,008.52. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 43.56.

Insider Buying and Selling at Pearson

In related news, insider Sherry Coutu bought 922 shares of the company's stock in a transaction that occurred on Monday, September 30th. The shares were purchased at an average cost of GBX 1,017 ($13.19) per share, with a total value of £9,376.74 ($12,160.21). 0.35% of the stock is owned by corporate insiders.

Pearson Company Profile

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, Workforce Skills, and Higher Education.