Liontrust Asset Management (LON:LIO) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Liontrust Asset Management PLC (LON:LIO) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 275.31 and traded as high as GBX 291. Liontrust Asset Management shares last traded at GBX 282.15, with a volume of 253,628 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently commented on LIO. Berenberg Bank restated a “buy” rating and set a GBX 410 target price on shares of Liontrust Asset Management in a report on Wednesday, July 22nd. Royal Bank Of Canada lifted their price target on shares of Liontrust Asset Management from GBX 235 to GBX 270 and gave the company an “underperform” rating in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Liontrust Asset Management from GBX 190 to GBX 205 and gave the company a “sell” rating in a research report on Thursday, June 25th. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, Liontrust Asset Management has an average rating of “Hold” and an average target price of GBX 364.

Liontrust Asset Management Trading Down 1.0%

The company has a debt-to-equity ratio of 2.54, a current ratio of 1.34 and a quick ratio of 1.35. The stock’s 50 day moving average is GBX 313.99 and its 200-day moving average is GBX 275.31. The company has a market capitalization of £165.29 million, a P/E ratio of 18.15, a P/E/G ratio of -1.70 and a beta of 1.49.

Liontrust Asset Management (LON:LIO) last posted its quarterly earnings data on Wednesday, June 24th. The company reported GBX 15.40 earnings per share for the quarter. Liontrust Asset Management had a return on equity of 8.74% and a net margin of 7.14%.The business had revenue of £134.38 million for the quarter. As a group, equities research analysts anticipate that Liontrust Asset Management PLC will post 69.828816 earnings per share for the current year.

Insider Buying and Selling

In other news, insider John Stephen Ions purchased 2,043 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average cost of GBX 264 per share, for a total transaction of £5,393.52. Also, insider Vinay Kumar Abrol purchased 2,043 shares of Liontrust Asset Management stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average cost of GBX 264 per share, for a total transaction of £5,393.52. Company insiders own 9.64% of the company’s stock.

Liontrust Asset Management Company Profile

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.