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

Litigation Capital Management (LON:LIT - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Canaccord Genuity Group in a note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a GBX 182 ($2.29) price objective on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 83.84% from the company's current price.

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

Litigation Capital Management Trading Down 1.0 %

Litigation Capital Management stock traded down GBX 1 ($0.01) during mid-day trading on Tuesday, reaching GBX 99 ($1.24). 355,949 shares of the company traded hands, compared to its average volume of 153,328. The company has a debt-to-equity ratio of 32.77, a current ratio of 17.54 and a quick ratio of 3.01. 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 firm has a market capitalization of £101.52 million, a price-to-earnings ratio of 1,650.00 and a beta of 0.31. The firm's 50 day moving average price is GBX 112.12 and its 200 day moving average price is GBX 107.51.

Insider Buying and Selling at Litigation Capital Management

In other news, insider Patrick Moloney sold 75,991 shares of the business's stock in a transaction on 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). 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.