Liontrust Asset Management (LON:LIO) Shares Pass Below 200 Day Moving Average - Here's Why

Key Points

• Liontrust Asset Management's stock has fallen below its two hundred day moving average for the first time, currently trading at GBX 369 ($4.98) compared to the average of GBX 379.92 ($5.13).
• Royal Bank of Canada has issued an underperform rating with a target price of GBX 310 ($4.19), while Deutsche Bank has lowered its target from GBX 350 ($4.73) to GBX 300 ($4.05) and maintained a "hold" rating.
• The company reported earnings of GBX 55.56 ($0.75) per share for the last quarter and has a net margin of 35.21% and return on equity of 39.68%.

Liontrust Asset Management PLC (LON:LIO - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 379.92 ($5.14) and traded as low as GBX 366.50 ($4.95). Liontrust Asset Management shares last traded at GBX 369 ($4.99), with a volume of 185,193 shares.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Liontrust Asset Management from GBX 350 to GBX 300 and set a "hold" rating on the stock in a research report on Friday, August 1st. Royal Bank Of Canada reiterated an "underperform" rating and issued a GBX 310 price objective on shares of Liontrust Asset Management in a report on Monday, July 14th. Finally, Berenberg Bank restated a "hold" rating and set a GBX 365 target price on shares of Liontrust Asset Management in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Liontrust Asset Management currently has an average rating of "Reduce" and an average price target of GBX 325.

Liontrust Asset Management Stock Performance

The stock has a market capitalization of £234.28 million, a PE ratio of 3.40, a price-to-earnings-growth ratio of -1.70 and a beta of 1.33. 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 stock has a fifty day moving average of GBX 370.92 and a 200-day moving average of GBX 377.53.

Liontrust Asset Management (LON:LIO - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The company reported GBX 55.56 earnings per share (EPS) for the quarter. Liontrust Asset Management had a return on equity of 39.68% and a net margin of 35.21%. Equities analysts anticipate that Liontrust Asset Management PLC will post 69.828816 earnings per share for the current fiscal year.

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.