Liontrust Asset Management (LON:LIO) Shares Pass Above Fifty Day Moving Average - Here's Why

Key Points

• Liontrust shares crossed above their 50-day moving average (50-day MA GBX 250.02), trading as high as GBX 260 and last at GBX 255.50 on volume of 174,351 shares, up about 1.8%.
• Analyst views are mixed: Deutsche Bank and RBC recently cut price targets (to GBX 165 and GBX 235 respectively) while the consensus rating is "Hold" with an average price target of GBX 331.

Shares of Liontrust Asset Management PLC (LON:LIO - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 250.02 and traded as high as GBX 260. Liontrust Asset Management shares last traded at GBX 255.50, with a volume of 174,351 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LIO. Deutsche Bank Aktiengesellschaft dropped their price target on Liontrust Asset Management from GBX 200 to GBX 165 and set a "buy" rating on the stock in a research note on Wednesday, March 18th. Royal Bank Of Canada dropped their price target on Liontrust Asset Management from GBX 240 to GBX 235 and set an "underperform" rating on the stock in a research note on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of GBX 331.

Liontrust Asset Management Trading Up 1.8%

The stock has a 50-day moving average of GBX 250.02 and a 200 day moving average of GBX 268.52. The stock has a market cap of £157.78 million, a PE ratio of 12.99, a price-to-earnings-growth ratio of -1.70 and a beta of 1.50. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.76.

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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