Litigation Capital Management (LON:LIT) Earns “Buy” Rating from Canaccord Genuity Group

Litigation Capital Management (LON:LIT)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 182 ($2.37) price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 175.76% from the stock’s current price.

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

Litigation Capital Management Trading Up 3.1 %

Litigation Capital Management stock opened at GBX 66 ($0.86) on Tuesday. The business has a 50-day simple moving average of GBX 79.27 and a two-hundred day simple moving average of GBX 96.90. The company has a market cap of £149.55 million, a P/E ratio of 11.32 and a beta of 0.31. Litigation Capital Management has a 52-week low of GBX 61.20 ($0.80) and a 52-week high of GBX 122 ($1.59). The company has a quick ratio of 3.01, a current ratio of 17.54 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.