Liontrust Asset Management (LON:LIO) Price Target Cut to GBX 320 by Analysts at Berenberg Bank

Liontrust Asset Management (LON:LIO) had its target price reduced by stock analysts at Berenberg Bank from GBX 340 to GBX 320 in a report released on Thursday,London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 11.50% from the company’s previous close.

LIO has been the topic of several other reports. Deutsche Bank Aktiengesellschaft reduced their target price on Liontrust Asset Management from GBX 290 to GBX 280 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Peel Hunt restated a “buy” rating and issued a GBX 435 target price on shares of Liontrust Asset Management in a report on Thursday. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 310 price target on shares of Liontrust Asset Management in a research note on Friday, October 3rd. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 500 price objective on shares of Liontrust Asset Management in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 369.

Liontrust Asset Management Trading Up 1.4%

Shares of LON LIO traded up GBX 4 during midday trading on Thursday, reaching GBX 287. 7,357,001 shares of the stock were exchanged, compared to its average volume of 497,085. The stock has a 50 day moving average price of GBX 311.96 and a 200-day moving average price of GBX 348.16. The company has a current ratio of 1.42, a quick ratio of 1.35 and a debt-to-equity ratio of 1.48. The company has a market capitalization of £180.08 million, a P/E ratio of 10.95, a P/E/G ratio of -1.70 and a beta of 1.33. Liontrust Asset Management has a 52-week low of GBX 221.88 and a 52-week high of GBX 508.

Liontrust Asset Management (LON:LIO) last announced its earnings results on Thursday, November 20th. The company reported GBX 18.68 earnings per share (EPS) for the quarter. Liontrust Asset Management had a net margin of 35.21% and a return on equity of 39.68%. Equities research analysts expect that Liontrust Asset Management will post 69.828816 earnings per share for the current fiscal year.

About Liontrust Asset Management

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.