Litigation Capital Management (LON:LIT) Given Buy Rating at Canaccord Genuity Group

Litigation Capital Management (LON:LIT)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, MarketBeat reports. They presently have a GBX 182 ($2.29) target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 83.84% from the company’s previous close.

Litigation Capital Management Price Performance

Shares of LIT opened at GBX 99 ($1.24) on Tuesday. The firm has a 50-day simple moving average of GBX 112.12 and a two-hundred day simple moving average of GBX 107.51. 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 1-year low of GBX 84.50 ($1.06) and a 1-year high of GBX 122 ($1.53). The stock has a market cap of £101.52 million, a PE ratio of 1,650.00 and a beta of 0.31.

Insider Buying and Selling at Litigation Capital Management

In related news, insider Patrick Moloney sold 75,991 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of GBX 112 ($1.41), for a total transaction of £85,109.92 ($107,002.67). 19.51% of the stock is owned by corporate insiders.

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.