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

Key Points

• Pearson plc's stock price has recently crossed above its 200-day moving average, reaching a high of GBX 1,110.50 ($14.93) during trading.
• Analyst ratings for Pearson show a moderate buy consensus, with an average price target of GBX 1,295, although Deutsche Bank recently reduced its target price from GBX 1,260 to GBX 1,140.
• The company reported a 24.50 GBX earnings per share for the last quarter, with a net margin of 9.83% and a return on equity of 8.98%.

Pearson plc (LON:PSON - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,103.05 ($14.83) and traded as high as GBX 1,110.50 ($14.93). Pearson shares last traded at GBX 1,094 ($14.71), with a volume of 2,372,822 shares.

Analyst Ratings Changes

Several research firms recently weighed in on PSON. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Pearson from GBX 1,260 to GBX 1,140 and set a "hold" rating for the company in a research note on Friday, August 1st. JPMorgan Chase & Co. restated an "overweight" rating on shares of Pearson in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Pearson presently has an average rating of "Moderate Buy" and an average price target of GBX 1,295.

Pearson Stock Performance

The firm has a market cap of £7.01 billion, a price-to-earnings ratio of 1,677.91, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49. The stock's 50 day moving average is GBX 1,062.41 and its 200 day moving average is GBX 1,103.05.

Pearson (LON:PSON - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported GBX 24.50 earnings per share (EPS) for the quarter. Pearson had a return on equity of 8.98% and a net margin of 9.83%.

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.

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