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

Litigation Capital Management (LON:LIT)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity Group in a report issued on Tuesday,Digital Look reports. They currently have a GBX 182 ($2.37) price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 185.27% from the company’s current price.

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

Litigation Capital Management Price Performance

LON:LIT traded up GBX 1.20 ($0.02) during midday trading on Tuesday, hitting GBX 63.80 ($0.83). 315,803 shares of the stock were exchanged, compared to its average volume of 338,103. Litigation Capital Management has a one year low of GBX 61.20 ($0.80) and a one year high of GBX 122 ($1.59). The company has a market capitalization of £144.57 million, a price-to-earnings ratio of 10.94 and a beta of 0.31. The business has a 50-day moving average price of GBX 79.98 and a two-hundred day moving average price of GBX 97.14. The company has a current ratio of 17.54, a quick ratio of 3.01 and a debt-to-equity ratio of 32.77.

About Litigation Capital Management

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.