Liontrust Asset Management (LON:LIO) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Liontrust Asset Management PLC (LON:LIO) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 289.53 and traded as low as GBX 252. Liontrust Asset Management shares last traded at GBX 261.50, with a volume of 136,281 shares.

Key Liontrust Asset Management News

Here are the key news stories impacting Liontrust Asset Management this week:

• Positive Sentiment: Hawksmoor acquisition expands Liontrust’s platform: Liontrust agreed to acquire Hawksmoor Investment Management’s model portfolio service (MPS) and fund management businesses for an initial £6 million, with total consideration of up to £10 million. The deal should add assets under management, broaden Liontrust’s distribution reach and support future fee income. Liontrust to buy Hawksmoor’s MPS and fund management businesses Liontrust agrees to buy Hawksmoor businesses in £10mn deal Liontrust agrees up to £10 million acquisition of Hawksmoor fund and model portfolio business
• Positive Sentiment: Deal viewed as earnings accretive: Market coverage characterized the acquisition as a boost to Liontrust’s earnings outlook, helping explain the strong reaction in the shares. Liontrust shares jump on Hawksmoor assets acquisition, earnings boost
• Positive Sentiment: Positive analyst view: Berenberg raised its price target from GBX 360 to GBX 390 and retained a “buy” rating, signaling greater confidence in Liontrust’s prospects. Liontrust stock price target raised at Berenberg Bank
• Positive Sentiment: Insider purchase: Director Vinay Kumar Abrol bought 10,000 shares at GBX 285, a modest but potentially confidence-building signal from management. Liontrust insider purchases 10,000 shares
• Neutral Sentiment: An earlier report noted that the stock had fallen below its 200-day moving average, but the subsequent recovery above that level reduces the immediate significance of that technical warning. Liontrust stock breaks below 200-day moving average

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LIO. Royal Bank Of Canada raised their price objective on shares of Liontrust Asset Management from GBX 235 to GBX 270 and gave the company an “underperform” rating in a report on Monday, July 6th. Berenberg Bank increased their target price on Liontrust Asset Management from GBX 360 to GBX 390 and gave the company a “buy” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Liontrust Asset Management from GBX 190 to GBX 205 and gave the company a “sell” rating in a research note on Thursday, June 25th. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 360.

Liontrust Asset Management Stock Up 18.2%

The firm’s 50-day moving average price is GBX 295.67 and its two-hundred day moving average price is GBX 289.61. 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 cap of £190.56 million, a PE ratio of 20.01, a P/E/G ratio of -1.70 and a beta of 1.47.

Insider Transactions at Liontrust Asset Management

In other news, insider Vinay Kumar Abrol acquired 10,000 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were bought at an average price of GBX 285 per share, with a total value of £28,500. 9.50% of the stock is owned by corporate 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.