Pearson (LON:PSON) Stock Passes Above 200 Day Moving Average – Time to Sell?

Pearson plc (LON:PSON) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,071.97 ($13.43) and traded as high as GBX 1,282.50 ($16.07). Pearson shares last traded at GBX 1,278.50 ($16.02), with a volume of 1,236,770 shares trading hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price target on Pearson from GBX 1,170 ($14.66) to GBX 1,400 ($17.54) and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,146.75 ($14.37).

Pearson Trading Up 0.9 %

The company has a debt-to-equity ratio of 43.56, a current ratio of 1.78 and a quick ratio of 1.07. The firm’s fifty day moving average is GBX 1,187.80 and its two-hundred day moving average is GBX 1,074.28. The firm has a market capitalization of £8.57 billion, a PE ratio of 2,580.00, a PEG ratio of 0.83 and a beta of 0.31.

Insider Transactions at Pearson

In other Pearson news, insider Sherry Coutu purchased 922 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average cost of GBX 1,017 ($12.74) per share, for a total transaction of £9,376.74 ($11,750.30). Company 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.