Pearson (LON:PSON) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Pearson plc (LON:PSON - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,152.98 ($14.50) and traded as high as GBX 1,344 ($16.91). Pearson shares last traded at GBX 1,344 ($16.91), with a volume of 1,439,574 shares traded.

Wall Street Analysts Forecast Growth

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

Pearson Stock Performance

The business has a 50 day simple moving average of GBX 1,295.29 and a 200 day simple moving average of GBX 1,159.65. 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 company has a market capitalization of £9.08 billion, a PE ratio of 26.05, a PEG ratio of 0.83 and a beta of 0.31.

Insider Buying and Selling at Pearson

In other news, insider Sherry Coutu acquired 731 shares of Pearson stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of GBX 1,282 ($16.13) per share, for a total transaction of £9,371.42 ($11,789.43). Also, insider Omar Abbosh sold 77,989 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.30), for a total value of £1,010,737.44 ($1,271,527.79). 0.35% of the stock is currently owned by company 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.