Liontrust Asset Management (LON:LIO) Given New GBX 360 Price Target at Berenberg Bank

Key Points

• Berenberg Bank cut Liontrust Asset Management’s price target to GBX 360 from GBX 410 but maintained a “buy” rating, implying 32.17% upside from the prior close.
• Analyst opinion remains mixed: the stock has a consensus “hold” rating and an average price target of GBX 354, based on three buys and two sells.
• Liontrust shares opened at GBX 272.37, down 4.1%, with a market capitalization of approximately £168.5 million and a 12-month trading range of GBX 223 to GBX 358.

Liontrust Asset Management (LON:LIO - Get Free Report) had its target price cut by Berenberg Bank from GBX 410 to GBX 360 in a research note issued to investors on Monday, Digital Look reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price would suggest a potential upside of 32.17% from the company's previous close.

A number of other brokerages have also recently weighed in on LIO. Royal Bank Of Canada upped their price target 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Liontrust Asset Management from GBX 190 to GBX 205 and gave the company a "sell" rating in a research note on Thursday, June 25th. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of GBX 354.

Liontrust Asset Management Stock Down 4.1%

Shares of LIO opened at GBX 272.37 on Monday. The company has a quick ratio of 1.35, a current ratio of 1.34 and a debt-to-equity ratio of 2.54. The company has a 50-day moving average price of GBX 305.85 and a two-hundred day moving average price of GBX 289.14. The stock has a market cap of £168.52 million, a price-to-earnings ratio of 17.70, a P/E/G ratio of -1.70 and a beta of 1.47. Liontrust Asset Management has a 12 month low of GBX 223 and a 12 month high of GBX 358.

Liontrust Asset Management (LON:LIO - Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The company reported GBX 15.40 earnings per share for the quarter. Liontrust Asset Management had a return on equity of 8.74% and a net margin of 7.14%.The company had revenue of £134.38 million for the quarter. Equities analysts predict that Liontrust Asset Management will post 69.828816 EPS for the current fiscal 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.

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