Litigation Capital Management’s (LIT) Buy Rating Reiterated 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. The firm currently has a GBX 182 ($2.36) price target on the stock.

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

Litigation Capital Management Trading Up 2.4 %

LIT opened at GBX 67.60 ($0.88) 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 fifty-two week low of GBX 61.20 ($0.79) and a fifty-two week high of GBX 122 ($1.58). The firm has a market capitalization of £153.18 million, a PE ratio of 11.59 and a beta of 0.31. The company’s 50-day moving average is GBX 78.62 and its 200 day moving average is GBX 96.66.

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.