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

Canaccord Genuity Group reissued their buy rating on shares of Litigation Capital Management (LON:LIT) in a report released on Tuesday, Marketbeat Ratings reports. They currently have a GBX 182 ($2.31) price target on the stock.

Litigation Capital Management Trading Up 1.0 %

Shares of LIT stock opened at GBX 100 ($1.27) on Tuesday. 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 ($1.07) and a 1-year high of GBX 122 ($1.55). The firm has a market capitalization of £102.55 million, a PE ratio of 1,666.67 and a beta of 0.31. The business’s fifty day moving average price is GBX 112.39 and its 200 day moving average price is GBX 107.58.

Insider Activity at Litigation Capital Management

In other news, insider Patrick Moloney sold 75,991 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of GBX 112 ($1.42), for a total transaction of £85,109.92 ($108,199.75). 19.51% of the stock is currently owned by corporate insiders.

About Litigation Capital Management

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.