Liontrust Asset Management (LON:LIO) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Liontrust Asset Management PLC (LON:LIO)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 259.77 and traded as high as GBX 281.25. Liontrust Asset Management shares last traded at GBX 277.50, with a volume of 1,050,718 shares.

Analyst Ratings Changes

Several analysts recently commented on LIO shares. Berenberg Bank restated a “hold” rating and set a GBX 270 price target on shares of Liontrust Asset Management in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Liontrust Asset Management from GBX 185 to GBX 170 and set a “sell” rating on the stock in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada dropped their price target on shares of Liontrust Asset Management from GBX 240 to GBX 235 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 322.

Liontrust Asset Management Trading Up 0.5%

The company has a market cap of £168.80 million, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of -1.70 and a beta of 1.41. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average is GBX 259.43 and its 200 day moving average is GBX 259.91.

Insider Activity

In related news, insider John Stephen Ions bought 2,043 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of GBX 264 per share, for a total transaction of £5,393.52. Also, insider Vinay Kumar Abrol bought 2,043 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was bought at an average price of GBX 264 per share, for a total transaction of £5,393.52. In the last quarter, insiders bought 247,401 shares of company stock worth $66,043,809. Company insiders own 9.22% of the company’s stock.

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.