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 | 1,201.00p |
Change Today | 9.00p |
% Change | 0.76 % |
52 Week High | 1,217.50p |
52 Week Low | 919.60p |
Volume | 1,147,040 |
Shares Issued | 666.22m |
Market Cap | £8,001m |
Beta | 0.54 |
RiskGrade | 238 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 4 |
Buy | 4 |
Neutral | 4 |
Sell | 0 |
Strong Sell | 1 |
Total | 13 |
Latest | Previous | |
---|---|---|
Interim | Final | |
Ex-Div | 08-Aug-24 | 21-Mar-24 |
Paid | 16-Sep-24 | 03-May-24 |
Amount | 7.40p | 15.70p |
Time | Volume / Share Price |
16:35 | 3,512 @ 1,201.00p |
16:35 | 2,462 @ 1,201.00p |
16:35 | 498,437 @ 1,201.00p |
16:35 | 8,846 @ 1,201.00p |
16:35 | 11,379 @ 1,201.00p |
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