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

Liontrust Asset Management PLC (LON:LIO) shot up 12.5% during mid-day trading 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 mid-day trading, an increase of 2,020% from the average daily volume of 623,177 shares. The stock had previously closed at GBX 294.

LIO has been the topic of a number of other reports. Royal Bank Of Canada reduced their price target on Liontrust Asset Management from GBX 240 to GBX 235 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft boosted their price target on Liontrust Asset Management from GBX 170 to GBX 190 and gave the company a “sell” rating in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 354.

Insiders Place Their Bets

In related news, insider Vinay Kumar Abrol purchased 2,043 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were bought at an average price of GBX 264 per share, for a total transaction of £5,393.52. Also, insider John Stephen Ions sold 215,041 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of GBX 267, for a total value of £574,159.47. Insiders have acquired 247,401 shares of company stock worth $66,043,809 over the last 90 days. 9.49% of the stock is owned by insiders.

Liontrust Asset Management Stock Up 12.5%

The stock has a 50-day simple moving average of GBX 283.21 and a 200-day simple moving average of GBX 262.80. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.76. The company has a market cap of £197.70 million, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of -1.70 and a beta of 1.45.

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