Liontrust Asset Management (LON:LIO) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Liontrust Asset Management PLC (LON:LIO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 279.26 and traded as high as GBX 320. Liontrust Asset Management shares last traded at GBX 316, with a volume of 76,283 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LIO shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 410 price target on shares of Liontrust Asset Management in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on Liontrust Asset Management from GBX 190 to GBX 205 and gave the company a “sell” rating in a report on Thursday, June 25th. Finally, Royal Bank Of Canada raised their price target on shares of Liontrust Asset Management from GBX 235 to GBX 270 and gave the stock an “underperform” rating in a research report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 364.

Liontrust Asset Management Stock Performance

The stock has a market cap of £195.51 million, a P/E ratio of 20.53, a price-to-earnings-growth ratio of -1.70 and a beta of 1.46. The company has a current ratio of 1.34, a quick ratio of 1.35 and a debt-to-equity ratio of 2.54. The stock has a 50 day simple moving average of GBX 315.20 and a 200 day simple moving average of GBX 279.26.

Liontrust Asset Management (LON:LIO) last released its earnings results on Wednesday, June 24th. The company reported GBX 15.40 earnings per share (EPS) for the quarter. Liontrust Asset Management had a return on equity of 8.74% and a net margin of 7.14%.The company had revenue of £134.38 million for the quarter. On average, equities analysts expect that Liontrust Asset Management PLC will post 69.828816 earnings per share for the current 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. Liontrust Asset Management Plc was founded in 1994 and is based in London, United Kingdom.