Liontrust Asset Management (LON:LIO) Share Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Liontrust Asset Management shares fell below the 200-day moving average of GBX 355.69, trading as low as GBX 314 on Friday.
• Analysts have revised target prices for Liontrust, with Deutsche Bank lowering its target from GBX 290 to GBX 280, while Peel Hunt reiterated a "buy" rating with a target of GBX 435.
• The company has a market capitalization of £198.32 million and a notably high P/E ratio of 1,206.38, indicating a significant valuation concern.

Liontrust Asset Management PLC (LON:LIO - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 355.69 ($4.75) and traded as low as GBX 314 ($4.19). Liontrust Asset Management shares last traded at GBX 316.07 ($4.22), with a volume of 566,159 shares trading hands.

Analyst Upgrades and Downgrades

LIO has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Liontrust Asset Management from GBX 290 to GBX 280 and set a "hold" rating on the stock in a research note on Thursday, October 2nd. Berenberg Bank lowered their target price on shares of Liontrust Asset Management from GBX 365 to GBX 340 and set a "hold" rating on the stock in a research note on Tuesday. Peel Hunt reaffirmed a "buy" rating and issued a GBX 435 target price on shares of Liontrust Asset Management in a research note on Tuesday. Finally, Royal Bank Of Canada reaffirmed an "underperform" rating and issued a GBX 310 target price on shares of Liontrust Asset Management in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Liontrust Asset Management has a consensus rating of "Hold" and a consensus target price of GBX 341.25.

Liontrust Asset Management Price Performance

The company has a quick ratio of 1.35, a current ratio of 1.42 and a debt-to-equity ratio of 1.48. The business's 50-day simple moving average is GBX 336.98 and its 200 day simple moving average is GBX 355.69. The firm has a market capitalization of £198.32 million, a P/E ratio of 1,206.38, a PEG ratio of -1.70 and a beta of 1.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.