Peel Hunt upgrades UK's Liontrust to 'add'; shares up

Liontrust Asset Management

30/06/2025 08:08

** Shares of British wealth manager  Liontrust Asset Management LIO.L up  2.6% at 409p

** Peel Hunt upgrades stock to "Add" from "Hold"

** Raises PT to 435p from 365p, a 9.15 % upside to the stock's last close on Friday

** Brokerage sees cutting the dividend to 50% of adjusted earnings as a smart move that eases pressure on the co’s finances and allows more flexibility for growth opportunities

** On Wednesday, co reported lower annual profit and introduced a new capital policy, including a dividend payout of at least 50% of adjusted earnings and share buybacks

** Average rating of 8 analysts is "Buy"; median PT is 437.5p — data compiled by LSEG

** As of last close, stock down ~16.28% YTD

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))