Liontrust Asset Management (LON:LIO) Given New GBX 195 Price Target at Berenberg Bank

Liontrust Asset Management (LON:LIO) had its price objective cut by analysts at Berenberg Bank from GBX 215 ($2.72) to GBX 195 ($2.47) in a research note issued on Wednesday,Digital Look reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 56.76% from the stock’s current price.

Liontrust Asset Management Price Performance

Shares of LON LIO traded up GBX 34.50 ($0.44) during midday trading on Wednesday, hitting GBX 451 ($5.71). The company had a trading volume of 1,919,349 shares, compared to its average volume of 309,562. The company has a quick ratio of 1.35, a current ratio of 1.42 and a debt-to-equity ratio of 2.40. Liontrust Asset Management has a twelve month low of GBX 400 ($5.06) and a twelve month high of GBX 865 ($10.95). The business has a 50-day simple moving average of GBX 502.02 and a two-hundred day simple moving average of GBX 624.41. The firm has a market capitalization of £288.23 million, a price-to-earnings ratio of -8,994.40, a price-to-earnings-growth ratio of -1.70 and a beta of 1.33.

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.