Shares of Learning Technologies Group PLC (LON:LTG) shot up 6.4% during mid-day trading on Friday . The stock traded as high as GBX 83.60 ($1.09) and last traded at GBX 83.20 ($1.09). 407,382 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 826,947 shares. The stock had previously closed at GBX 78.20 ($1.02).
Several brokerages have issued reports on LTG. Peel Hunt reaffirmed a “buy” rating on shares of Learning Technologies Group in a research note on Wednesday. Berenberg Bank upped their target price on Learning Technologies Group from GBX 125 ($1.63) to GBX 190 ($2.48) and gave the stock a “buy” rating in a research note on Tuesday, September 25th. Finally, Numis Securities reaffirmed a “buy” rating and issued a GBX 165 ($2.16) target price (up previously from GBX 132 ($1.72)) on shares of Learning Technologies Group in a research note on Tuesday, September 25th.
In related news, insider Neil Elton acquired 137,152 shares of the company’s stock in a transaction dated Tuesday, October 9th. The stock was purchased at an average price of GBX 128 ($1.67) per share, with a total value of £175,554.56 ($229,393.13). Also, insider Harry D. Hill sold 175,000 shares of the stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of GBX 140 ($1.83), for a total value of £245,000 ($320,135.89).
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Learning Technologies Group Company Profile (LON:LTG)
Learning Technologies Group plc, through its subsidiaries, provides various e-learning services and technologies in the United Kingdom, the United States, the Asia Pacific, Mainland Europe, Canada, and internationally. The company produces interactive multimedia programs. It also engages in mobile e-learning, bespoke e-learning, and educational games businesses, as well as e-learning interoperability, and e-learning software licensing and the provision of related services, as well as operates an employee benefit trust.
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