Canaccord Genuity Group Reaffirms Buy Rating for Manolete Partners (LON:MANO)

Manolete Partners (LON:MANO)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 67 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 81.08% from the company’s previous close.

Manolete Partners Price Performance

MANO stock remained flat at GBX 37 during midday trading on Wednesday. The company had a trading volume of 2,782 shares, compared to its average volume of 71,452. The company’s fifty day simple moving average is GBX 39.02 and its 200 day simple moving average is GBX 42.03. The stock has a market capitalization of £16.27 million, a P/E ratio of 15.04 and a beta of 0.59. The company has a debt-to-equity ratio of 30.06, a current ratio of 7.43 and a quick ratio of 6.25. Manolete Partners has a fifty-two week low of GBX 32 and a fifty-two week high of GBX 92.

About Manolete Partners

Manolete Partners Plc is the UK’s leading insolvency claims financing company. Serving a growing market worth over £500 million annually, the Company has a highly experienced team with coverage across the UK and a proven track record of generating strong historic returns across over 1,300 cases financed and completed to date.

Widely recognised as the industry leader, Manolete is the only company in the insolvency litigation funding section to be ranked in Band 1 of the legal industry’s prestigious Chambers Guide five times.