Pearson (LON:PSON) Hits New 1-Year High at $1,046.50

Pearson plc (LON:PSON)’s stock price hit a new 52-week high on Thursday . The stock traded as high as GBX 1,046.50 ($13.23) and last traded at GBX 1,045.50 ($13.21), with a volume of 374340 shares changing hands. The stock had previously closed at GBX 1,035 ($13.08).

Analysts Set New Price Targets

Several equities analysts have weighed in on PSON shares. Barclays lowered their price target on shares of Pearson from GBX 975 ($12.32) to GBX 965 ($12.20) and set an “equal weight” rating on the stock in a report on Tuesday, February 6th. Shore Capital reissued a “buy” rating on shares of Pearson in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Pearson from GBX 1,200 ($15.16) to GBX 1,220 ($15.42) and gave the stock an “overweight” rating in a report on Wednesday, March 20th.

Pearson Trading Up 0.7 %

The stock’s fifty day moving average price is GBX 980.45 and its 200 day moving average price is GBX 949.51. The stock has a market capitalization of £7.13 billion, a P/E ratio of 1,952.83, a PEG ratio of 0.83 and a beta of 0.30. The company has a debt-to-equity ratio of 30.19, a current ratio of 1.73 and a quick ratio of 1.07.

Pearson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 21st will be issued a dividend of GBX 15.70 ($0.20) per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a dividend yield of 1.63%. This is an increase from Pearson’s previous dividend of $7.00. Pearson’s dividend payout ratio is 4,339.62%.

Pearson Company Profile

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.