Learning Technologies Group (LTG) Hits New 52-Week High After Analyst Upgrade

Shares of Learning Technologies Group PLC (LON:LTG) hit a new 52-week high during mid-day trading on Monday after Canaccord Genuity raised their price target on the stock from GBX 80 to GBX 100. Canaccord Genuity currently has a buy rating on the stock. Learning Technologies Group traded as high as GBX 88 ($1.22) and last traded at GBX 87.80 ($1.21), with a volume of 3414729 shares. The stock had previously closed at GBX 81.60 ($1.13).

Separately, Numis Securities raised their price objective on Learning Technologies Group from GBX 90 ($1.24) to GBX 101 ($1.40) and gave the stock a “buy” rating in a research report on Monday.

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In related news, insider Piers Lea sold 3,000,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of GBX 75 ($1.04), for a total transaction of £2,250,000 ($3,108,593.53).

The company has a market capitalization of $476.46 and a price-to-earnings ratio of -8,560.00.

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About Learning Technologies Group

Learning Technologies Group plc (LTG) is a United Kingdom-based holding company. The Company is engaged in the provision of e-learning services. The Company is engaged in the production of interactive multimedia programs. The Company’s portfolio includes LEO, a learning technologies firm, the multi-device authoring tool gomo learning, games with purpose company Preloaded and Eukleia, and an e-learning provider to the financial services sector.

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