Liontrust Asset Management (LON:LIO) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Liontrust Asset Management PLC (LON:LIO)’s stock price 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 changing hands.

Analysts Set New Price Targets

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

Liontrust Asset Management Stock Performance

The stock has a market capitalization of £168.05 million, a P/E ratio of 18.45, a P/E/G ratio of -1.70 and a beta of 1.49. The company’s 50-day moving average is GBX 314.12 and its two-hundred day moving average is GBX 275.60. 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 (LON:LIO) last announced its quarterly earnings results on Wednesday, June 24th. The company reported GBX 15.40 EPS for the quarter. The company had revenue of £134.38 million for the quarter. Liontrust Asset Management had a net margin of 7.14% and a return on equity of 8.74%. As a group, sell-side analysts anticipate that Liontrust Asset Management PLC will post 69.828816 EPS for the current fiscal year.

Insider Activity at Liontrust Asset Management

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

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.