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 published on Tuesday, Marketbeat reports. They currently have a GBX 182 ($2.27) price target on the stock.

Litigation Capital Management Stock Up 0.6 %

LIT opened at GBX 99.60 ($1.24) on Tuesday. The company has a quick ratio of 3.01, a current ratio of 17.54 and a debt-to-equity ratio of 32.77. The business’s fifty day simple moving average is GBX 111.84 and its 200 day simple moving average is GBX 107.43. Litigation Capital Management has a 52 week low of GBX 84.50 ($1.06) and a 52 week high of GBX 122 ($1.52). The stock has a market cap of £102.14 million, a PE ratio of 1,660.00 and a beta of 0.31.

Insider Buying and Selling

In related news, insider Patrick Moloney sold 75,991 shares of Litigation Capital Management stock in a transaction on Monday, October 28th. The shares were sold at an average price of GBX 112 ($1.40), for a total value of £85,109.92 ($106,374.10). 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.