Pearson (LON:PSON) Sets New 52-Week High - Here's Why

Pearson plc (LON:PSON - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 1,363 ($17.25) and last traded at GBX 1,363 ($17.25), with a volume of 916593 shares changing hands. The stock had previously closed at GBX 1,348 ($17.06).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their target price on Pearson from GBX 1,400 ($17.72) to GBX 1,450 ($18.35) and gave the company an "overweight" rating in a research note on Tuesday, January 14th.

Pearson Price Performance

The stock has a 50-day simple moving average of GBX 1,305.03 and a 200 day simple moving average of GBX 1,171.25. The company has a debt-to-equity ratio of 42.49, a quick ratio of 1.07 and a current ratio of 1.78. The company has a market cap of £9.17 billion, a P/E ratio of 26.32, a P/E/G ratio of 0.83 and a beta of 0.31.

Insider Buying and Selling

In related news, insider Omar Abbosh sold 77,989 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.40), for a total transaction of £1,010,737.44 ($1,279,090.66). Also, insider Sherry Coutu bought 731 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of GBX 1,282 ($16.22) per share, with a total value of £9,371.42 ($11,859.55). 0.35% of the stock is owned by corporate insiders.

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.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.