Liontrust Asset Management (LON:LIO) Price Target Cut to GBX 195 by Analysts at Berenberg Bank

Liontrust Asset Management (LON:LIO) had its price target trimmed by Berenberg Bank from GBX 215 ($2.72) to GBX 195 ($2.47) in a report released on Wednesday, MarketBeat reports. The brokerage currently has a hold rating on the stock.

Liontrust Asset Management Trading Up 8.3 %

LON:LIO traded up GBX 34.50 ($0.44) during mid-day trading on Wednesday, hitting GBX 451 ($5.71). 1,919,349 shares of the company’s stock were exchanged, compared to its average volume of 309,562. The company has a current ratio of 1.42, a quick ratio of 1.35 and a debt-to-equity ratio of 2.40. Liontrust Asset Management has a fifty-two week low of GBX 400 ($5.06) and a fifty-two week high of GBX 865 ($10.95). The company has a 50 day simple moving average of GBX 502.02 and a 200-day simple moving average of GBX 624.41. The firm has a market capitalization of £288.23 million, a P/E ratio of -8,994.40, a PEG ratio of -1.70 and a beta of 1.33.

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 given a dividend of GBX 22 ($0.28) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 5.28%. Liontrust Asset Management’s dividend payout ratio (DPR) is -144,000.00%.

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.