Litigation Capital Management’s (LIT) “Buy” Rating Reiterated at Canaccord Genuity Group

Litigation Capital Management (LON:LIT)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a report released on Tuesday, Marketbeat Ratings reports. They currently have a GBX 182 ($2.29) target price on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 83.84% from the company’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 182 ($2.29) target price on shares of Litigation Capital Management in a research report on Tuesday.

Litigation Capital Management Price Performance

LIT opened at GBX 99 ($1.24) on Tuesday. Litigation Capital Management has a twelve month low of GBX 84.50 ($1.06) and a twelve month high of GBX 122 ($1.53). The firm has a market cap of £101.52 million, a price-to-earnings ratio of 1,650.00 and a beta of 0.31. The company has a current ratio of 17.54, a quick ratio of 3.01 and a debt-to-equity ratio of 32.77. The company has a fifty day simple moving average of GBX 112.12 and a 200 day simple moving average of GBX 107.51.

Insider Activity

In other Litigation Capital Management news, insider Patrick Moloney sold 75,991 shares of the company’s stock in a transaction that occurred on 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). Company insiders own 19.51% of the company’s stock.

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.