Canaccord Genuity Group Reaffirms “Buy” Rating for Litigation Capital Management (LON:LIT)

Litigation Capital Management (LON:LIT)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research note issued on Tuesday, MarketBeat reports. They presently have a GBX 182 ($2.29) price target on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 83.84% from the company’s current price.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.29) price target on shares of Litigation Capital Management in a research note on Tuesday.

Litigation Capital Management Stock Down 1.0 %

LIT stock opened at GBX 99 ($1.24) on Tuesday. The company has a current ratio of 17.54, a quick ratio of 3.01 and a debt-to-equity ratio of 32.77. The company’s 50-day moving average price is GBX 112.12 and its 200 day moving average price is GBX 107.51. Litigation Capital Management has a 52 week low of GBX 84.50 ($1.06) and a 52 week high of GBX 122 ($1.53). The company has a market cap of £101.52 million, a P/E ratio of 1,650.00 and a beta of 0.31.

Insider Activity

In related news, insider Patrick Moloney sold 75,991 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of GBX 112 ($1.41), for a total value of £85,109.92 ($107,002.67). Company insiders own 19.51% of the company’s stock.

Litigation Capital Management Company Profile

Litigation Capital Management Limited provides dispute finance and risk management services in Australia and the United Kingdom. The company operates in two business models, including direct investments made from LCM's permanent balance sheet capital; and fund and/or asset management. Its products and services include dispute finance for companies, international arbitration, and law firms; disbursement funding; enforcement funding/purchase of award; and adverse cost and security for costs.