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Bloomsbury Publishing upgraded by Peel Hunt

  • Writer: Mark Watson-Mitchell
    Mark Watson-Mitchell
  • Nov 7, 2020
  • 1 min read

"Material attractions for investors", suggests Peel Hunt as it upgraded Bloomsbury Publishing (LON:BMY) shares.


PH analyst Malcolm Morgan upgraded his recommendation from ‘add’ to ‘buy’ with a target price of 265p.


The shares improved to 258p after the company reported 10% revenue growth and a 60% increase in profit in the six months to the end of August.


Those numbers were "testament to the strength of the model" said Morgan.




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