Liontrust Asset Management’s (LIO) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Liontrust Asset Management (LON:LIO) in a research note published on Wednesday,Digital Look reports. They currently have a GBX 390 price target on the stock.

A number of other research analysts also recently issued reports on the company. Royal Bank Of Canada lifted their price target on Liontrust Asset Management from GBX 235 to GBX 270 and gave the company an “underperform” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Liontrust Asset Management to a “sell” rating and upped their price target for the company from GBX 205 to GBX 215 in a research note 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 362.

Liontrust Asset Management Price Performance

LIO opened at GBX 276.50 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.35 and a debt-to-equity ratio of 2.54. Liontrust Asset Management has a 12-month low of GBX 223 and a 12-month high of GBX 358. The business’s fifty day simple moving average is GBX 293.99 and its 200-day simple moving average is GBX 295.35. The company has a market capitalization of £171.07 million, a price-to-earnings ratio of 17.97, a PEG ratio of -1.70 and a beta of 1.47.

Insider Buying and Selling

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 bought at an average price of GBX 285 per share, for a total transaction of £28,500. Corporate insiders own 9.52% of the company’s stock.

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.