Liontrust Cancels 24,000 Shares in Ongoing Buyback, Updates Voting Capital

Liontrust Asset Management ( (GB:LIO) ) has shared an update.

Liontrust Asset Management has repurchased 24,000 of its ordinary shares at a volume-weighted average price of 266.37 pence under its ongoing share buyback programme and will cancel the shares. Following this transaction, the company’s issued share capital stands at 62,162,694 shares with the same number of voting rights, a figure shareholders must now use when assessing disclosure thresholds under FCA transparency rules.

The most recent analyst rating on (GB:LIO) stock is a Hold with a £242.00 price target. To see the full list of analyst forecasts on Liontrust Asset Management stock, see the GB:LIO Stock Forecast page.

Spark’s Take on GB:LIO Stock

According to Spark, TipRanks’ AI Analyst, GB:LIO is a Neutral.

Liontrust Asset Management’s overall stock score is driven by its strong valuation metrics, including a low P/E ratio and high dividend yield, which suggest potential undervaluation. However, bearish technical indicators and challenges in financial performance, such as declining revenue and free cash flow, weigh on the score. The company’s strategic corporate actions, like share buybacks, provide some positive outlook but are not included in the weighted calculation.

To see Spark’s full report on GB:LIO stock, click here.

More about Liontrust Asset Management

Liontrust Asset Management is an independent fund management group based in the U.K., focused on managing investment funds for a range of clients. The company operates in the asset management industry, offering actively managed investment products and related services to investors through listed ordinary shares that carry full voting rights.

Average Trading Volume: 345,581

Technical Sentiment Signal: Sell

Current Market Cap: £166.4M

For a thorough assessment of LIO stock, go to TipRanks’ Stock Analysis page.