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Canaccord Genuity Group Reiterates "Buy" Rating for Litigation Capital Management (LON:LIT)

Litigation Capital Management logo with Financial Services background

Canaccord Genuity Group reissued their buy rating on shares of Litigation Capital Management (LON:LIT - Free Report) in a research report sent to investors on Tuesday, MarketBeat reports. They currently have a GBX 182 ($2.31) target price on the stock.

Litigation Capital Management Trading Up 1.0 %

Shares of LIT traded up GBX 1 ($0.01) during mid-day trading on Tuesday, reaching GBX 100 ($1.27). The company had a trading volume of 177,396 shares, compared to its average volume of 152,504. The stock has a market cap of £102.55 million, a price-to-earnings ratio of 1,666.67 and a beta of 0.31. 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 firm has a fifty day simple moving average of GBX 112.39 and a 200-day simple moving average of GBX 107.58. Litigation Capital Management has a fifty-two week low of GBX 84.50 ($1.07) and a fifty-two week high of GBX 122 ($1.55).

Insider Transactions at Litigation Capital Management

In related news, insider Patrick Moloney sold 75,991 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of GBX 112 ($1.42), for a total value of £85,109.92 ($108,199.75). Company insiders own 19.51% of the company's stock.

Litigation Capital Management Company Profile

(Get Free Report)

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.

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