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Learning Technologies upgraded by Peel Hunt

The upside potential of the stock is now 30%, said the broker

Learning Technologies Group PLC - Learning Technologies upgraded by Peel Hunt

Learning Technologies PLC (LON:LTG), the e-learning and training specialist, has received an upgrade from Peel Hunt.

Following on from solid interim results last month and the acquisition of eCreators, Australia's largest provider of Moodle, the leading open-source learning management system (LMS), the broker has raised its share price target to 170p from 140p and its investment recommendation to 'buy' from 'hold'.

The broker said it has also increased its earnings per share target for this year by 4%.

The upside potential of the stock is now 30%, said the broker.

Earlier this month, another broker Berenberg also raised its price target to 190p and said second-half numbers might be much stronger than expected especially with a contribution from the Moodle-based e-learning platform.

Shares rose 1% to 134p.

Quick facts: Learning Technologies Group PLC

Price: 136.3 GBX

AIM:LTG
Market: AIM
Market Cap: £10.06 m
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Learning Technologies Group's (LON:LTG) Jonathan Satchell says its half year results to June 2020 were 'robust and resilient'. The six month period saw an increase in underlying adjusted earnings before interest and tax (EBIT) to £20.1m (excluding non-cash items) from £19.4m the year...

on 24/9/20

2 min read