Pearson (LON:PSON) Price Target Raised to GBX 1,450 at JPMorgan Chase & Co.

Pearson (LON:PSON - Get Free Report) had its target price boosted by JPMorgan Chase & Co. from GBX 1,400 ($17.09) to GBX 1,450 ($17.70) in a report released on Tuesday, Marketbeat reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 12.40% from the company's current price.

Pearson Trading Up 1.6 %

LON PSON traded up GBX 20 ($0.24) on Tuesday, reaching GBX 1,290 ($15.75). 1,799,607 shares of the company were exchanged, compared to its average volume of 24,973,014. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 43.56. The business's fifty day moving average price is GBX 1,244.51 and its 200 day moving average price is GBX 1,105.18. The stock has a market capitalization of £8.57 billion, a P/E ratio of 2,580.00, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. Pearson has a fifty-two week low of GBX 925.20 ($11.30) and a fifty-two week high of GBX 1,316 ($16.07).

Insider Activity at Pearson

In other Pearson news, insider Omar Abbosh sold 77,989 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($15.82), for a total transaction of £1,010,737.44 ($1,233,960.98). Also, insider Sherry Coutu purchased 731 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of GBX 1,282 ($15.65) per share, for a total transaction of £9,371.42 ($11,441.12). 0.35% of the stock is currently 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.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world's leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.