Pearson (LON:PSON) Hits New 12-Month High - Time to Buy?

Pearson plc (LON:PSON - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 1,294.50 ($16.02) and last traded at GBX 1,293.50 ($16.01), with a volume of 1704086 shares. The stock had previously closed at GBX 1,282 ($15.87).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price objective on Pearson from GBX 1,170 ($14.48) to GBX 1,400 ($17.33) and gave the company an "overweight" rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,146.75 ($14.19).

Pearson Stock Up 1.3 %

The firm has a market cap of £8.63 billion, a PE ratio of 2,598.00, a PEG ratio of 0.83 and a beta of 0.31. The business's 50 day moving average price is GBX 1,213.15 and its 200 day moving average price is GBX 1,086.47. The company has a debt-to-equity ratio of 43.56, a current ratio of 1.78 and a quick ratio of 1.07.

Insiders Place Their Bets

In other Pearson news, insider Sherry Coutu bought 731 shares of Pearson stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of GBX 1,282 ($15.87) per share, for a total transaction of £9,371.42 ($11,599.73). 0.35% of the stock is owned by company 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.