Pearson (LON:PSON) Stock Breaks Above 200-Day Moving Average - Here's What Happened

Key Points

• Pearson shares broke above their 200-day moving average, reaching GBX 1,372.50 and last trading at GBX 1,370, compared with the 200-day average of GBX 1,181.84.
• Analysts remain cautious, with Deutsche Bank, Citigroup and JPMorgan assigning Hold or Neutral ratings. Pearson has a consensus rating of Hold and an average price target of GBX 1,278.33.
• The company reported quarterly EPS of GBX 28.90, along with an 8.78% net margin and 9.13% return on equity; Pearson’s market capitalization is approximately £8.23 billion.

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 1,181.84 and traded as high as GBX 1,372.50. Pearson shares last traded at GBX 1,370, with a volume of 1,590,276 shares changing hands.

Analyst Ratings Changes

Several brokerages recently weighed in on PSON. Deutsche Bank Aktiengesellschaft increased their target price on Pearson from GBX 1,033 to GBX 1,130 and gave the company a "hold" rating in a report on Monday, August 3rd. Citigroup lifted their price target on Pearson from GBX 1,300 to GBX 1,345 and gave the stock a "neutral" rating in a research note on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Pearson from GBX 1,420 to GBX 1,360 and set a "neutral" rating for the company in a research report on Thursday, September 10th. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Pearson currently has a consensus rating of "Hold" and an average price target of GBX 1,278.33.

Pearson Price Performance

The business's 50-day simple moving average is GBX 1,230.25 and its 200-day simple moving average is GBX 1,181.84. The stock has a market cap of £8.23 billion, a PE ratio of 27.40, a PEG ratio of 0.83 and a beta of 0.34. The company has a quick ratio of 1.07, a current ratio of 2.00 and a debt-to-equity ratio of 52.56.

Pearson (LON:PSON - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported GBX 28.90 EPS for the quarter. Pearson had a net margin of 8.78% and a return on equity of 9.13%.

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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