Pearson (LON:PSON) Shares Cross Above 200-Day Moving Average - What's Next?

Pearson plc (LON:PSON - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,175.46 ($14.78) and traded as high as GBX 1,334.50 ($16.78). Pearson shares last traded at GBX 1,317 ($16.56), with a volume of 2,017,694 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their target price on shares of Pearson from GBX 1,400 ($17.61) to GBX 1,450 ($18.24) and gave the stock an "overweight" rating in a research report on Tuesday, January 14th.

Pearson Stock Up 1.9 %

The company has a market cap of £9.19 billion, a PE ratio of 26.39, a P/E/G ratio of 0.83 and a beta of 0.31. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 42.49. The firm's fifty day simple moving average is GBX 1,311.50 and its 200-day simple moving average is GBX 1,180.53.

Pearson (LON:PSON - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The company reported GBX 62.10 ($0.78) earnings per share (EPS) for the quarter. Pearson had a net margin of 9.83% and a return on equity of 8.98%.

Insider Buying and Selling at Pearson

In related news, insider Omar Abbosh sold 77,989 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.30), for a total transaction of £1,010,737.44 ($1,271,207.95). Also, insider Sherry Coutu acquired 731 shares of Pearson stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of GBX 1,282 ($16.12) per share, for a total transaction of £9,371.42 ($11,786.47). Insiders own 0.35% of the company's stock.

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.