Berenberg Bank Issues Positive Forecast for Liontrust Asset Management (LON:LIO) Stock Price

Liontrust Asset Management (LON:LIO) had its target price upped by investment analysts at Berenberg Bank from GBX 270 to GBX 410 in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 23.31% from the company’s previous close.

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

Liontrust Asset Management Stock Up 13.1%

Shares of LIO opened at GBX 332.50 on Wednesday. The stock’s 50-day moving average price is GBX 283.21 and its two-hundred day moving average price is GBX 262.80. Liontrust Asset Management has a 12 month low of GBX 221.88 and a 12 month high of GBX 419.50. The company has a market capitalization of £198.80 million, a PE ratio of 16.61, a PEG ratio of -1.70 and a beta of 1.45. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.76.

Insiders Place Their Bets

In other Liontrust Asset Management news, insider Vinay Kumar Abrol purchased 2,043 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was purchased at an average cost of GBX 264 per share, for a total transaction of £5,393.52. Also, insider John Stephen Ions acquired 2,043 shares of the stock in a transaction dated Tuesday, May 5th. The stock was acquired at an average cost of GBX 264 per share, with a total value of £5,393.52. Insiders have acquired 247,401 shares of company stock worth $66,043,809 in the last ninety days. Insiders own 9.49% 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.