Liontrust Asset Management (LON:LIO) Stock Breaks Above 200 Day Moving Average – Here’s What Happened

Liontrust Asset Management PLC (LON:LIO)’s stock price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 281.28 and traded as high as GBX 287. Liontrust Asset Management shares last traded at GBX 285, with a volume of 512,423 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LIO shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 390 price target on shares of Liontrust Asset Management in a research report on Wednesday, October 21st. Royal Bank Of Canada boosted their price objective on Liontrust Asset Management from GBX 235 to GBX 270 and gave the company an “underperform” rating in a research report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Liontrust Asset Management to a “sell” rating and lifted their price target for the company from GBX 205 to GBX 215 in a research note on Friday, October 2nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 362.

Liontrust Asset Management Stock Down 0.4%

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 fifty day simple moving average of GBX 292.01 and a 200-day simple moving average of GBX 281.70. The firm has a market cap of £173.45 million, a price-to-earnings ratio of 18.22, a P/E/G ratio of -1.70 and a beta of 1.47.

Insiders Place Their Bets

In related news, insider Vinay Kumar Abrol acquired 10,000 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was purchased at an average cost of GBX 285 per share, for a total transaction of £28,500. 9.52% of the stock is currently 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.