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 | 1,094.00p |
Change Today | 5.00p |
% Change | 0.46 % |
52 Week High | 1,379.00p |
52 Week Low | 1,029.50p |
Volume | 2,309,094 |
Shares Issued | 640.96m |
Market Cap | £7,012m |
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 | 3 |
Neutral | 4 |
Sell | 0 |
Strong Sell | 1 |
Total | 9 |
Latest | Previous | |
---|---|---|
Interim | Final | |
Ex-Div | 14-Aug-25 | 20-Mar-25 |
Paid | 15-Sep-25 | 09-May-25 |
Amount | 7.80p | 16.60p |
Time | Volume / Share Price |
16:35 | 1,837 @ 1,094.00p |
16:35 | 805 @ 1,094.00p |
16:35 | 1 @ 1,094.00p |
16:35 | 1,027 @ 1,094.00p |
16:35 | 3,771 @ 1,094.00p |
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