Berenberg Bank Boosts Liontrust Asset Management (LON:LIO) Price Target to GBX 410

Liontrust Asset Management (LON:LIO) had its target price increased by research analysts at Berenberg Bank from GBX 270 to GBX 410 in a report issued on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 23.31% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Liontrust Asset Management from GBX 170 to GBX 190 and gave the stock a “sell” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada dropped their price objective on shares of Liontrust Asset Management from GBX 240 to GBX 235 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Liontrust Asset Management currently has a consensus rating of “Hold” and an average target price of GBX 354.

Liontrust Asset Management Stock Up 13.1%

Liontrust Asset Management stock opened at GBX 332.50 on Wednesday. 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 has a 12-month low of GBX 221.88 and a 12-month high of GBX 419.50. The firm’s fifty day moving average is GBX 283.21 and its 200 day moving average is GBX 262.80. The company has a market capitalization of £198.80 million, a PE ratio of 16.61, a PEG ratio of -1.70 and a beta of 1.45.

Insiders Place Their Bets

In related news, insider John Stephen Ions sold 215,041 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of GBX 267, for a total value of £574,159.47. Also, insider Vinay Kumar Abrol purchased 2,043 shares of Liontrust Asset Management stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average cost of GBX 264 per share, with a total value of £5,393.52. Over the last quarter, insiders purchased 247,401 shares of company stock worth $66,043,809. 9.49% of the stock is owned by company 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.