Numis Securities Ltd Reaffirms Add Rating for Liontrust Asset Management PLC (LIO)
Liontrust Asset Management PLC (LON:LIO)‘s stock had its “add” rating reiterated by equities research analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday, Marketbeat reports. They currently have a GBX 520 ($6.74) price target on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 16.89% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. Canaccord Genuity raised their price target on shares of Liontrust Asset Management PLC from GBX 495 ($6.41) to GBX 545 ($7.06) and gave the company a “buy” rating in a report on Thursday, June 15th. N+1 Singer raised their price target on shares of Liontrust Asset Management PLC from GBX 500 ($6.48) to GBX 510 ($6.61) and gave the company a “buy” rating in a report on Thursday, June 15th. Finally, Macquarie reaffirmed a “neutral” rating and set a GBX 426 ($5.52) price target on shares of Liontrust Asset Management PLC in a report on Friday, June 16th.
Liontrust Asset Management PLC (LON:LIO) opened at 444.875 on Thursday. The company’s 50 day moving average is GBX 453.05 and its 200-day moving average is GBX 410.98. Liontrust Asset Management PLC has a 52 week low of GBX 254.00 and a 52 week high of GBX 470.00. The firm’s market cap is GBX 200.69 million.
The business also recently disclosed a dividend, which will be paid on Wednesday, July 19th. Shareholders of record on Thursday, June 22nd will be issued a dividend of GBX 11 ($0.14) per share. This is a positive change from Liontrust Asset Management PLC’s previous dividend of $4.00. This represents a yield of 2.39%. The ex-dividend date is Thursday, June 22nd.
COPYRIGHT VIOLATION NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/07/09/numis-securities-ltd-reaffirms-add-rating-for-liontrust-asset-management-plc-lio.html.
In other Liontrust Asset Management PLC news, insider John Stephen Ions sold 211,157 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of GBX 450 ($5.83), for a total transaction of £950,206.50 ($1,230,837.44). Also, insider Adrian John Reginald Collins sold 21,988 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of GBX 445 ($5.76), for a total transaction of £97,846.60 ($126,744.30).
About Liontrust Asset Management PLC
Liontrust Asset Management PLC (Liontrust) is a holding company. The Company is engaged in specialist fund management business. It is an investment management company that manages the United Kingdom, European, Asian and Global equities, Global credit and Multi-Assets. It offers a range of products, such as Unit Trusts, Offshore funds, Segregated Mandates and Discretionary Portfolio Management Services.
Receive News & Ratings for Liontrust Asset Management PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liontrust Asset Management PLC and related companies with MarketBeat.com's FREE daily email newsletter.