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

Key Points

• Pearson shares moved above their 200-day moving average (GBX 1,005.31), trading as high as GBX 1,081.50 and last at GBX 1,079.50 on a volume of about 1.83 million shares, up roughly 2.8%.
• Analysts are positive: JPMorgan raised its price target to GBX 1,430 with an "overweight" rating, Citigroup initiated coverage with a "buy" and GBX 1,300 target, and the consensus is a "Moderate Buy" with a GBX 1,290 target.
• Key fundamentals: market cap £6.62 billion, P/E 21.29 and PEG 0.83, with recent quarterly EPS of GBX 64.50 and profitability metrics including ROE 9.26% and net margin 9.37%.

Pearson plc (LON:PSON - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,005.31 and traded as high as GBX 1,081.50. Pearson shares last traded at GBX 1,079.50, with a volume of 1,827,543 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Pearson from GBX 1,420 to GBX 1,430 and gave the stock an "overweight" rating in a research note on Thursday, April 9th. Citigroup started coverage on shares of Pearson in a research report on Monday, January 12th. They issued a "buy" rating and a GBX 1,300 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,290.

Pearson Stock Up 2.8%

The company has a current ratio of 2.00, a quick ratio of 1.07 and a debt-to-equity ratio of 52.00. The stock's 50-day moving average price is GBX 968.13 and its 200-day moving average price is GBX 1,005.31. The company has a market cap of £6.62 billion, a P/E ratio of 21.29, a PEG ratio of 0.83 and a beta of 0.34.

Pearson (LON:PSON - Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The company reported GBX 64.50 earnings per share for the quarter. Pearson had a return on equity of 9.26% and a net margin of 9.37%.

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.17,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We serve customers in over 40 countries, supporting lifelong learning through world-class assessments and learning experiences, and trusted certifications and credentialing. For us, learning isn't just what we do.

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