Liontrust Asset Management (LON:LIO) Hits New 52-Week Low on Analyst Downgrade

Liontrust Asset Management PLC (LON:LIO)’s share price reached a new 52-week low on Monday after Royal Bank Of Canada lowered their price target on the stock from GBX 270 to GBX 260. Royal Bank Of Canada currently has an underperform rating on the stock. Liontrust Asset Management traded as low as GBX 267.50 and last traded at GBX 269.50, with a volume of 331780 shares trading hands. The stock had previously closed at GBX 278.50.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Liontrust Asset Management from GBX 290 to GBX 280 and set a “hold” rating for the company in a report on Thursday, October 2nd. Peel Hunt reiterated a “buy” rating and set a GBX 435 price target on shares of Liontrust Asset Management in a research note on Thursday, November 20th. Panmure Gordon reissued a “buy” rating and issued a GBX 500 price objective on shares of Liontrust Asset Management in a report on Thursday, November 20th. Finally, Berenberg Bank lowered their price objective on Liontrust Asset Management from GBX 340 to GBX 320 and set a “hold” rating on the stock in a research note on Thursday, November 20th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Liontrust Asset Management presently has a consensus rating of “Hold” and a consensus price target of GBX 359.

Insider Buying and Selling

In related news, insider Luke Savage purchased 5,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were purchased at an average price of GBX 281 per share, with a total value of £14,050. 9.03% of the stock is currently owned by corporate insiders.

Liontrust Asset Management Price Performance

The company has a market capitalization of £169.10 million, a PE ratio of 10.29, a price-to-earnings-growth ratio of -1.70 and a beta of 1.33. The company has a quick ratio of 1.35, a current ratio of 1.42 and a debt-to-equity ratio of 1.48. The firm’s 50-day moving average is GBX 310.43 and its 200-day moving average is GBX 346.65.

Liontrust Asset Management (LON:LIO) last released its quarterly earnings results on Thursday, November 20th. The company reported GBX 18.68 earnings per share for the quarter. Liontrust Asset Management had a return on equity of 39.68% and a net margin of 35.21%. Equities analysts predict that Liontrust Asset Management PLC will post 69.828816 earnings per share for the current fiscal year.

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.