Learning Technologies’ first half performance was ahead of expectations says broker Peel Hunt, with its assets seeing steep margin expansion since acquired alongside strong organic growth,
Peel Hunt now sees full-year earnings per share at the e-learning group potentially beating forecasts by around 1% and helped by a forex benefit.
Since the start of the year, weakness in the stock has persisted despite the strong business performance, says the broker, which makes the shares a buy, it adds.
Shares rose 5.6% to 125.1p.