By Michele Maatouk
Date: Wednesday 05 Jun 2024
LONDON (ShareCast) - (Sharecast News) - Citi opened a 90-day "positive catalyst watch" on Pearson shares on Wednesday as it pointed to an attractive risk/reward.
"While we think new CEO Omar Abbosh's business and strategic update in July will formally signal a pivot from value to growth for Pearson, lengthening its duration as an investment, we don't see major earnings risk and note leverage-neutral valuation is toward decade lows," the bank said.
"Accordingly, we think overall risk/reward is attractive (base case 1170p but upside to 1550p on best case)."
The bank maintained its 'buy' rating on the shares.
At 0950 BST, the shares were up 1.9% at 959.20p.
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Currency | UK Pounds |
Share Price | 1,099.50p |
Change Today | 4.50p |
% Change | 0.41 % |
52 Week High | 1,379.00 |
52 Week Low | 946.40 |
Volume | 230,051 |
Shares Issued | 657.54m |
Market Cap | £7,230m |
Beta | 0.01 |
RiskGrade | 238 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 1 |
Buy | 2 |
Neutral | 5 |
Sell | 0 |
Strong Sell | 1 |
Total | 9 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 20-Mar-25 | 08-Aug-24 |
Paid | 09-May-25 | 16-Sep-24 |
Amount | 16.60p | 7.40p |
Time | Volume / Share Price |
09:24 | 353 @ 1,099.50p |
09:24 | 334 @ 1,099.50p |
09:24 | 358 @ 1,099.50p |
09:24 | 197 @ 1,100.00p |
09:24 | 800 @ 1,100.00p |
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