Pearson (LON:PSON) Stock Passes Above 200 Day Moving Average - Here's What Happened

Pearson plc (LON:PSON - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,026.62 ($12.99) and traded as high as GBX 1,210 ($15.31). Pearson shares last traded at GBX 1,200 ($15.18), with a volume of 1,147,923 shares.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "buy" rating on shares of Pearson in a research note on Monday, July 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 1,101.75 ($13.94).

Pearson Price Performance

The company's fifty day moving average is GBX 1,083.42 and its 200 day moving average is GBX 1,027.86. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 43.56. The stock has a market cap of £7.92 billion, a PE ratio of 2,384.00, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31.

Insider Activity at Pearson

In other Pearson news, insider Sherry Coutu bought 922 shares of the stock in a transaction on Monday, September 30th. The stock was purchased at an average price of GBX 1,017 ($12.87) per share, for a total transaction of £9,376.74 ($11,864.79). 0.35% of the stock is currently 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.