Learning Technologies Group Announces Change in Major Shareholding
Why we think this is neutral
This appears to be a routine regulatory announcement regarding a change in major shareholding, with no direct impact on the company's operations or performance. The current share price is within the 52-week range and above the moving averages, and the broker recommendations are mixed.
Key Points
- Liontrust Investment Partners LLP has reduced its stake in Learning Technologies Group PLC from 14.205150% to 3.704000%
- Current share price of 99.20p is within the 52-week range of 62.10p to 100.80p and above the 200-day and 50-day moving averages
- Broker recommendations are mixed, with Canaccord Genuity having a 'Speculative Buy' recommendation and a price target of 100.00p, Berenberg Bank having a 'Hold' recommendation and a price target of 80.00p, and Citigroup having a 'Neutral' recommendation with no price target
Summary
Learning Technologies Group PLC, a provider of talent and learning solutions, has announced a change in major shareholding. Liontrust Investment Partners LLP has reduced its stake in the company from 14.205150% to 3.704000%. The current share price of 99.20p is within the 52-week range of 62.10p to 100.80p and above the 200-day and 50-day moving averages. Broker recommendations are mixed, with Canaccord Genuity having a 'Speculative Buy' recommendation and a price target of 100.00p, Berenberg Bank having a 'Hold' recommendation and a price target of 80.00p, and Citigroup having a 'Neutral' recommendation with no price target.