Liontrust Asset Management (LON:LIO) Trading 12.5% Higher After Analyst Upgrade

Liontrust Asset Management PLC (LON:LIO)’s stock price was up 12.5% on Wednesday after Berenberg Bank raised their price target on the stock from GBX 270 to GBX 410. Berenberg Bank currently has a buy rating on the stock. Liontrust Asset Management traded as high as GBX 344 and last traded at GBX 330.66. 13,210,224 shares traded hands during trading, an increase of 2,020% from the average daily volume of 623,177 shares. The stock had previously closed at GBX 294.

Several other research firms have also recently weighed in on LIO. Deutsche Bank Aktiengesellschaft boosted their price objective on Liontrust Asset Management from GBX 170 to GBX 190 and gave the stock a “sell” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada lowered their price objective on shares of Liontrust Asset Management from GBX 240 to GBX 235 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Liontrust Asset Management currently has a consensus rating of “Hold” and a consensus price target of GBX 354.

Insider Transactions at Liontrust Asset Management

In other Liontrust Asset Management news, insider John Stephen Ions purchased 2,043 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was bought at an average cost of GBX 264 per share, with a total value of £5,393.52. Also, insider Vinay Kumar Abrol purchased 2,043 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were acquired at an average cost of GBX 264 per share, for a total transaction of £5,393.52. Over the last quarter, insiders purchased 247,401 shares of company stock valued at $66,043,809. Corporate insiders own 9.49% of the company’s stock.

Liontrust Asset Management Trading Up 12.5%

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.35 and a quick ratio of 1.35. The firm’s 50 day moving average price is GBX 283.21 and its 200 day moving average price is GBX 262.80. The stock has a market capitalization of £197.70 million, a P/E ratio of 16.52, a P/E/G ratio of -1.70 and a beta of 1.45.

Liontrust Asset Management (LON:LIO) last announced its quarterly earnings data on Wednesday, June 24th. The company reported GBX 15.40 earnings per share for the quarter. The business had revenue of £134.38 million for the quarter. Liontrust Asset Management had a net margin of 8.31% and a return on equity of 10.12%. As a group, equities research analysts expect that Liontrust Asset Management PLC will post 69.828816 earnings per share for the current fiscal year.

About Liontrust Asset Management

Liontrust Asset Management Plc is a publicly owned investment manager. The firm also launches equity, fixed income, , multi-asset and managed funds for its clients. It invests into the public equity and multi-asset markets across the globe. The firm was formerly known as River and Mercantile Investment Management Limited. Liontrust Asset Management Plc was founded in 1994 and is based in London, United Kingdom.