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Liontrust Asset Management ( (GB:LIO) ) has provided an update.
Liontrust Asset Management has executed a share buyback program, purchasing 25,108 of its ordinary shares at an average price of 250.05 pence per share, with the intention of cancelling these shares. This move is part of the company’s strategy to manage its share capital effectively, potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:LIO) stock is a Hold with a £274.00 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 that focuses on providing asset management services. The company is involved in managing funds and investments, catering to a diverse range of clients.
Average Trading Volume: 392,279
Technical Sentiment Signal: Sell
Current Market Cap: £155.1M
Learn more about LIO stock on TipRanks’ Stock Analysis page.