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Liontrust Asset Management ( (GB:LIO) ) has shared an update.
Liontrust Asset Management has continued its previously announced share buyback programme by repurchasing 25,000 ordinary shares at a volume-weighted average price of 248.02 pence, with prices ranging between 246.00p and 250.00p. The company will cancel these shares, reducing the number of shares in issue and potentially enhancing earnings per share for remaining investors.
Following this transaction, Liontrust’s total issued share capital stands at 62,238,895 ordinary shares, all of which carry voting rights as the company holds no treasury shares. Shareholders are advised to use this updated figure as the denominator for determining any disclosure obligations under the FCA’s Disclosure Guidance and 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 UK, focusing on managing investment funds for clients through actively managed strategies. The company operates in the asset management industry, with its shares listed in London and subject to UK financial market regulations and disclosure rules.
Average Trading Volume: 386,425
Technical Sentiment Signal: Sell
Current Market Cap: £153.5M
Find detailed analytics on LIO stock on TipRanks’ Stock Analysis page.