Learning Technologies Group (LTG) Trading Up -3.1% After Dividend Announcement
Learning Technologies Group PLC (LON:LTG) shares were up 3.1% during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as GBX 129 ($1.68) and last traded at GBX 126 ($1.64). Approximately 1,167,296 shares changed hands during mid-day trading, an increase of 41% from the average daily volume of 826,947 shares. The stock had previously closed at GBX 130 ($1.69).
The newly announced dividend which will be paid on Friday, November 2nd. Shareholders of record on Thursday, October 11th will be issued a GBX 0.15 ($0.00) dividend. The ex-dividend date is Thursday, October 11th. This represents a yield of 0.1%.
A number of brokerages have recently issued reports on LTG. Peel Hunt restated a “buy” rating on shares of Learning Technologies Group in a report on Wednesday, September 5th. Berenberg Bank raised their price target on shares of Learning Technologies Group from GBX 105 ($1.37) to GBX 125 ($1.63) and gave the stock a “buy” rating in a report on Wednesday, May 30th. Finally, Numis Securities raised their price target on shares of Learning Technologies Group from GBX 130 ($1.69) to GBX 132 ($1.72) and gave the stock a “buy” rating in a report on Tuesday, July 24th.
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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