Liontrust Asset Management (LON:LIO) Shares Break Below 50-Day Moving Average – Here’s Why

Liontrust Asset Management PLC (LON:LIO – Get Free Report) shares crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 286.90 and traded as low as GBX 280.50. Liontrust Asset Management shares last traded at GBX 284.50, with a volume of 84,104 shares trading hands.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 390 price target on shares of Liontrust Asset Management in a research note on Wednesday, October 21st. Deutsche Bank upgraded shares of Liontrust Asset Management to a “sell” rating and boosted their price objective for the stock from GBX 205 to GBX 215 in a research report on Friday, October 2nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 362.

Read Our Latest Research Report on LIO

Liontrust Asset Management Price Performance

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 firm has a market cap of £176.02 million, a price-to-earnings ratio of 18.49, a PEG ratio of -1.70 and a beta of 1.47. The stock has a 50-day moving average price of GBX 286.90 and a 200 day moving average price of GBX 283.61.

Insider Transactions at Liontrust Asset Management

In other news, insider Vinay Kumar Abrol purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were purchased at an average price of GBX 285 per share, for a total transaction of £28,500. 9.52% of the stock is owned by corporate insiders.

Liontrust Asset Management Company Profile

(Get Free Report)

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.

Further Reading

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