Litigation Capital Management (LON:LIT) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Litigation Capital Management (LON:LIT) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 182 ($2.27) price target on the stock.

Litigation Capital Management Price Performance

Shares of Litigation Capital Management stock opened at GBX 99.60 ($1.24) on Tuesday. The firm has a market cap of £102.14 million, a PE ratio of 1,660.00 and a beta of 0.31. The company’s fifty day simple moving average is GBX 111.84 and its two-hundred day simple moving average is GBX 107.43. 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 12-month low of GBX 84.50 ($1.06) and a 12-month high of GBX 122 ($1.52).

Insider Transactions at Litigation Capital Management

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 ($1.40), for a total transaction of £85,109.92 ($106,374.10). 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.