Liontrust Asset Management (LON:LIO) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Liontrust Asset Management shares crossed above their 200-day moving average, reaching GBX 287 before closing at GBX 285, slightly below the 50-day average of GBX 293.24.
• Analyst sentiment is mixed: three analysts rate the stock Buy and two rate it Sell, resulting in an overall Hold consensus and an average price target of GBX 362.
• Insider Vinay Kumar Abrol purchased 10,000 shares at GBX 285, while insiders collectively own 9.52% of the company.

Liontrust Asset Management PLC (LON:LIO - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 281.28 and traded as high as GBX 287. Liontrust Asset Management shares last traded at GBX 285, with a volume of 512,423 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LIO shares. Berenberg Bank reissued a "buy" rating and issued a GBX 390 price target on shares of Liontrust Asset Management in a research note on Wednesday, October 21st. Royal Bank Of Canada increased their price target on shares of Liontrust Asset Management from GBX 235 to GBX 270 and gave the stock an "underperform" rating in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft raised Liontrust Asset Management to a "sell" rating and lifted their price target for the stock from GBX 205 to GBX 215 in a research note on Friday, October 2nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Liontrust Asset Management presently has an average rating of "Hold" and an average target price of GBX 362.

Liontrust Asset Management Trading Down 0.2%

The firm has a 50-day moving average of GBX 293.24 and a 200-day moving average of GBX 281.28. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.35 and a current ratio of 1.34. The firm has a market capitalization of £176.33 million, a P/E ratio of 18.52, a price-to-earnings-growth ratio of -1.70 and a beta of 1.47.

Insider Activity at Liontrust Asset Management

In other news, insider Vinay Kumar Abrol purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average cost of GBX 285 per share, for a total transaction of £28,500. 9.52% of the stock is currently owned by 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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