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

Canaccord Genuity Group reiterated their buy rating on shares of Litigation Capital Management (LON:LIT) in a research note issued to investors on Tuesday morning,Digital Look reports. The brokerage currently has a GBX 182 ($2.36) target price on the stock.

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

Litigation Capital Management Stock Up 2.4 %

Litigation Capital Management stock opened at GBX 67.60 ($0.88) on Tuesday. Litigation Capital Management has a twelve month low of GBX 61.20 ($0.79) and a twelve month high of GBX 122 ($1.58). The firm has a 50 day moving average price of GBX 78.62 and a 200-day moving average price of GBX 96.66. The company has a market capitalization of £153.18 million, a P/E ratio of 11.59 and a beta of 0.31. 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.