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

Litigation Capital Management (LON:LIT)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They presently have a GBX 182 ($2.37) price target on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 175.76% from the stock’s previous close.

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

Litigation Capital Management Price Performance

LIT opened at GBX 66 ($0.86) on Tuesday. The stock has a 50-day moving average price of GBX 79.27 and a 200-day moving average price of GBX 96.90. The company has a debt-to-equity ratio of 32.77, a current ratio of 17.54 and a quick ratio of 3.01. The firm has a market cap of £149.55 million, a PE ratio of 11.32 and a beta of 0.31. Litigation Capital Management has a 1 year low of GBX 61.20 ($0.80) and a 1 year high of GBX 122 ($1.59).

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.