Macquarie Reiterates “Neutral” Rating for Liontrust Asset Management PLC (LIO)
Liontrust Asset Management PLC (LON:LIO)‘s stock had its “neutral” rating restated by equities researchers at Macquarie in a note issued to investors on Wednesday. They currently have a GBX 317 ($3.96) price objective on the stock. Macquarie’s price objective suggests a potential downside of 5.79% from the stock’s current price.
Other analysts have also recently issued reports about the company. Numis Securities Ltd reduced their price objective on Liontrust Asset Management PLC from GBX 405 ($5.06) to GBX 365 ($4.56) and set an “add” rating on the stock in a research note on Tuesday. N+1 Singer increased their price objective on Liontrust Asset Management PLC from GBX 310 ($3.87) to GBX 374 ($4.67) and gave the company a “hold” rating in a research note on Thursday, October 6th.
Shares of Liontrust Asset Management PLC (LON:LIO) opened at 330.0002 on Wednesday. Liontrust Asset Management PLC has a 12 month low of GBX 235.00 and a 12 month high of GBX 352.75. The firm’s market cap is GBX 148.64 million. The firm’s 50-day moving average price is GBX 321.94 and its 200-day moving average price is GBX 301.42.
The firm also recently announced a dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, November 24th will be issued a GBX 4 ($0.05) dividend. This represents a yield of 1.24%. The ex-dividend date is Thursday, November 24th.
In related news, insider Collins,Adrian John Reginald sold 13,623 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of GBX 348 ($4.35), for a total value of £47,408.04 ($59,230.43).
About Liontrust Asset Management PLC
Liontrust Asset Management PLC (Liontrust) is a United Kingdom-based holding company. The Company is engaged in specialist fund management business. It manages the United Kingdom, European, Asian and Global equities, Global credit and Multi-Asset. Liontrust offers individual saving accounts (ISA). The Company distributes its funds and portfolios in the United Kingdom and internationally.
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