Litigation Capital Management’s (LIT) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Litigation Capital Management (LON:LIT) in a research note issued to investors on Tuesday,Digital Look reports. Canaccord Genuity Group currently has a GBX 182 ($2.31) price objective on the stock.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.31) target price on shares of Litigation Capital Management in a research report on Tuesday.

Litigation Capital Management Trading Down 1.0 %

LON LIT traded down GBX 1 ($0.01) on Tuesday, hitting GBX 99 ($1.26). The company’s stock had a trading volume of 355,949 shares, compared to its average volume of 153,328. The firm has a market cap of £101.52 million, a PE ratio of 1,650.00 and a beta of 0.31. The company’s 50-day moving average is GBX 112.12 and its 200 day moving average is GBX 107.51. 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 has a 1-year low of GBX 84.50 ($1.07) and a 1-year high of GBX 122 ($1.55).

Insider Transactions at Litigation Capital Management

In other Litigation Capital Management news, insider Patrick Moloney sold 75,991 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of GBX 112 ($1.42), for a total value of £85,109.92 ($108,199.75). Corporate 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.