Pearson (LON:PSON – Get Rating)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Friday, Marketbeat Ratings reports. They currently have a GBX 1,230 ($15.74) price target on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 50.40% from the company’s current price.
Several other research analysts also recently commented on PSON. Citigroup reissued a “buy” rating on shares of Pearson in a research note on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,140 ($14.59) price target on shares of Pearson in a research note on Wednesday, May 3rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,015 ($12.99).
Pearson Price Performance
Shares of PSON stock traded up GBX 6.80 ($0.09) during trading hours on Friday, reaching GBX 817.80 ($10.46). The stock had a trading volume of 331,565 shares, compared to its average volume of 1,798,399. The stock’s fifty day simple moving average is GBX 826.11 and its 200 day simple moving average is GBX 872.75. The firm has a market capitalization of £5.86 billion, a PE ratio of 2,475.76, a PEG ratio of 0.83 and a beta of 0.30. The company has a current ratio of 1.90, a quick ratio of 1.07 and a debt-to-equity ratio of 29.33. Pearson has a 12 month low of GBX 734 ($9.39) and a 12 month high of GBX 1,006.29 ($12.88).
Insider Activity at Pearson
In related news, insider Sally Johnson sold 65,220 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of GBX 762 ($9.75), for a total transaction of £496,976.40 ($635,926.30). In other Pearson news, insider Sally Johnson sold 65,220 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of GBX 762 ($9.75), for a total transaction of £496,976.40 ($635,926.30). Also, insider Graeme Pitkethly acquired 257 shares of Pearson stock in a transaction on Friday, March 31st. The shares were bought at an average cost of GBX 832 ($10.65) per share, for a total transaction of £2,138.24 ($2,736.07). 0.67% of the stock is currently owned by company insiders.
About Pearson
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, Higher Education, and Workforce Skills.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Pearson, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Pearson wasn’t on the list.
While Pearson currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise.
Source: marketbeat.com
