Berenberg Bank Lowers Liontrust Asset Management (LON:LIO) Price Target to GBX 195

Posted by Max Byerly on Nov 24th, 2024

Liontrust Asset Management (LON:LIO – Free Report) had its price target decreased by Berenberg Bank from GBX 215 ($2.70) to GBX 195 ($2.44) in a research note published on Wednesday, Marketbeat Ratings reports. Berenberg Bank currently has a hold rating on the stock.

Liontrust Asset Management Stock Performance

LIO opened at GBX 460 ($5.77) on Wednesday. Liontrust Asset Management has a 52-week low of GBX 400 ($5.01) and a 52-week high of GBX 865 ($10.84). The firm has a market capitalization of £293.99 million, a PE ratio of -9,200.00, a PEG ratio of -1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.35 and a current ratio of 1.42. The business’s 50-day simple moving average is GBX 497.66 and its 200 day simple moving average is GBX 621.56.

Liontrust Asset Management Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th will be issued a GBX 22 ($0.28) dividend. This represents a dividend yield of 5.28%. The ex-dividend date of this dividend is Thursday, November 28th. Liontrust Asset Management’s payout ratio is presently -144,000.00%.

Insider Activity at Liontrust Asset Management

In other Liontrust Asset Management news, insider Vinay Kumar Abrol purchased 50,000 shares of Liontrust Asset Management stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average price of GBX 454 ($5.69) per share, for a total transaction of £227,000 ($284,568.13). 11.90% of the stock is owned by company insiders.

Liontrust Asset Management Company Profile

(Get Free Report)

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.