Berenberg Bank Reiterates “Hold” Rating for Liontrust Asset Management (LON:LIO)

Liontrust Asset Management (LON:LIO)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 365 ($4.92) price objective on the stock. Berenberg Bank’s price objective suggests a potential downside of 2.54% from the company’s previous close.

Liontrust Asset Management Stock Performance

Shares of LIO stock opened at GBX 374.50 ($5.05) on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.42 and a quick ratio of 1.35. Liontrust Asset Management has a fifty-two week low of GBX 301.50 ($4.07) and a fifty-two week high of GBX 700 ($9.44). The stock’s 50-day moving average is GBX 378.75 and its two-hundred day moving average is GBX 393.96. The firm has a market cap of £236.49 million, a P/E ratio of 3.43, a PEG ratio of -1.70 and a beta of 1.33.

Liontrust Asset Management (LON:LIO) last issued its quarterly earnings data on Wednesday, June 25th. The company reported GBX 55.56 ($0.75) EPS for the quarter. Liontrust Asset Management had a return on equity of 39.68% and a net margin of 35.21%. Analysts predict that Liontrust Asset Management will post 69.828816 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Vinay Kumar Abrol acquired 1,614 shares of Liontrust Asset Management stock in a transaction on Friday, May 2nd. The stock was bought at an average price of GBX 336 ($4.53) per share, for a total transaction of £5,423.04 ($7,315.58). 11.90% of the stock is currently owned by insiders.

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.