Liontrust Asset Management's (LIO) Buy Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “buy” rating on Liontrust Asset Management and maintained a GBX 390 price target, implying approximately 37.92% upside from the previous close.
• Analyst sentiment is mixed: Deutsche Bank upgraded the stock to “sell,” while RBC maintained an “underperform” rating. Overall, Liontrust has a consensus “hold” rating and an average target price of GBX 362.
• Shares opened at GBX 282.78, below their 50-day and 200-day moving averages, while insider Vinay Kumar Abrol recently bought 10,000 shares at GBX 285.

Liontrust Asset Management (LON:LIO - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They currently have a GBX 390 price target on the stock. Berenberg Bank's price objective suggests a potential upside of 37.92% from the company's previous close.

Several other research analysts also recently weighed in on LIO. Deutsche Bank Aktiengesellschaft upgraded shares of Liontrust Asset Management to a "sell" rating and upped their price objective for the stock from GBX 205 to GBX 215 in a report on Friday, October 2nd. Royal Bank Of Canada lifted their price objective on shares of Liontrust Asset Management from GBX 235 to GBX 270 and gave the company an "underperform" rating in a report on Monday, July 6th. Three equities research 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, Liontrust Asset Management presently has a consensus rating of "Hold" and an average target price of GBX 362.

Liontrust Asset Management Price Performance

Shares of LIO opened at GBX 282.78 on Wednesday. The business's fifty day moving average is GBX 296.17 and its 200 day moving average is GBX 295.04. Liontrust Asset Management has a 12-month low of GBX 223 and a 12-month high of GBX 358. 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 stock has a market cap of £174.96 million, a P/E ratio of 18.37, a P/E/G ratio of -1.70 and a beta of 1.47.

Insider Activity at Liontrust Asset Management

In related news, insider Vinay Kumar Abrol acquired 10,000 shares of the stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average cost of GBX 285 per share, with a total value of £28,500. 9.52% of the stock is currently owned by company insiders.

Liontrust Asset Management Company Profile

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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