Liontrust Asset Management (LON:LIO) Given New GBX 390 Price Target at Berenberg Bank

Liontrust Asset Management (LON:LIO) had its price objective lifted by Berenberg Bank from GBX 360 to GBX 390 in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a buy rating on the stock.

Several other research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Liontrust Asset Management from GBX 190 to GBX 205 and gave the stock a “sell” rating in a report on Thursday, June 25th. Royal Bank Of Canada increased their target price on shares of Liontrust Asset Management from GBX 235 to GBX 270 and gave the company an “underperform” rating in a research note on Monday, July 6th. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 360.

Liontrust Asset Management Price Performance

LON:LIO opened at GBX 308 on Wednesday. The stock has a market cap of £190.56 million, a P/E ratio of 20.01, a PEG ratio of -1.70 and a beta of 1.47. Liontrust Asset Management has a one year low of GBX 223 and a one year high of GBX 358. The company has a fifty day moving average price of GBX 295.48 and a 200 day moving average price of GBX 290.04. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.34 and a quick ratio of 1.35.

Insider Buying and Selling at Liontrust Asset Management

In related news, insider Vinay Kumar Abrol bought 10,000 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average cost of GBX 285 per share, with a total value of £28,500. Corporate insiders own 9.50% of the company’s stock.

Liontrust Asset Management News Summary

Here are the key news stories impacting Liontrust Asset Management this week:

• Positive Sentiment: Hawksmoor acquisition: Liontrust agreed to buy Hawksmoor Investment Management’s fund management and model portfolio services businesses for an initial £6 million, with total consideration of up to £10 million. The transaction would add assets under management, broaden Liontrust’s distribution capabilities and could support earnings growth. Liontrust to buy Hawksmoor’s MPS and fund management businesses
• Positive Sentiment: Analyst price-target increase: Berenberg raised its target for Liontrust from 360p to 390p and retained a “Buy” rating, implying greater upside based on its assessment of the company’s prospects. Berenberg Raises Liontrust Asset Management PT, Keeps Buy Rating
• Positive Sentiment: Insider confidence: Director Vinay Kumar Abrol purchased 10,000 shares at 285p, investing £28,500. Insider buying can be viewed as a signal that management considers the valuation attractive. Liontrust insider purchases shares
• Neutral Sentiment: The Hawksmoor transaction offers strategic and earnings benefits, but investors will also monitor integration, asset retention and whether the acquired businesses generate sufficient returns on the purchase price. Liontrust agrees up to £10 million acquisition
• Negative Sentiment: A recent technical report said Liontrust’s stock had broken below its 200-day moving average, a bearish signal that could concern momentum-focused investors, although the shares subsequently recovered above that level. Liontrust stock breaks below 200-day moving average

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.