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

Canaccord Genuity Group reaffirmed their buy rating on shares of Litigation Capital Management (LON:LIT - Free Report) in a research note released on Tuesday,Digital Look reports. They currently have a GBX 182 ($2.36) price target on the stock.

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 182 ($2.36) price objective on shares of Litigation Capital Management in a research report on Tuesday, December 17th.

Litigation Capital Management Price Performance

LIT traded down GBX 1.66 ($0.02) during trading hours on Tuesday, hitting GBX 65.94 ($0.86). The company's stock had a trading volume of 75,764 shares, compared to its average volume of 331,854. The business's 50-day moving average price is GBX 78.62 and its 200-day moving average price is GBX 96.66. Litigation Capital Management has a 12 month low of GBX 61.20 ($0.79) and a 12 month high of GBX 122 ($1.58). The stock has a market cap of £149.42 million, a price-to-earnings ratio of 11.31 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.

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.