Litigation Capital Management’s (LIT) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Litigation Capital Management (LON:LIT) in a research note released on Tuesday,Digital Look reports. Canaccord Genuity Group currently has a GBX 182 ($2.37) price target on the stock.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 182 ($2.37) price objective on shares of Litigation Capital Management in a research report on Tuesday, December 17th.

Litigation Capital Management Price Performance

Shares of LIT opened at GBX 63.80 ($0.83) on Tuesday. The firm’s 50-day simple moving average is GBX 79.98 and its two-hundred day simple moving average is GBX 97.14. Litigation Capital Management has a fifty-two week low of GBX 61.20 ($0.80) and a fifty-two week high of GBX 122 ($1.59). The stock has a market cap of £144.57 million, a PE ratio of 10.94 and a beta of 0.31. The company has a debt-to-equity ratio of 32.77, a quick ratio of 3.01 and a current ratio of 17.54.

Litigation Capital Management Company Profile

Litigation Capital Management (“LCM”) is an alternative asset manager specialising in litigation financing solutions internationally. Through our two business models, direct balance sheet and third party fund management, we create value through our three primary investment strategies – single-cases; case portfolios; and acquisition of insolvency claims.