Canaccord Genuity Group Lowers Manolete Partners (LON:MANO) Price Target to GBX 130

Manolete Partners (LON:MANO) had its price objective dropped by analysts at Canaccord Genuity Group from GBX 172 to GBX 130 in a report issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 83.10% from the company’s current price.

Manolete Partners Stock Performance

Shares of MANO traded down GBX 19 during mid-day trading on Wednesday, hitting GBX 71. The stock had a trading volume of 460,030 shares, compared to its average volume of 75,572. Manolete Partners has a fifty-two week low of GBX 65 and a fifty-two week high of GBX 118. The company has a quick ratio of 6.25, a current ratio of 4.92 and a debt-to-equity ratio of 33.92. The company has a market cap of £31.11 million, a PE ratio of 35.32 and a beta of 0.77. The company’s fifty day simple moving average is GBX 90.51 and its two-hundred day simple moving average is GBX 88.32.

Manolete Partners (LON:MANO) last posted its quarterly earnings results on Wednesday, November 19th. The company reported GBX (1.09) earnings per share (EPS) for the quarter. Manolete Partners had a net margin of 180.12% and a return on equity of 109.76%. On average, equities analysts expect that Manolete Partners will post 4.2845258 earnings per share for the current year.

About Manolete Partners

Manolete Partners Plc is the UK’s leading insolvency litigation financing company which was founded in 2009 by its Chief Executive, Steven Cooklin, a UK Chartered Accountant.

Manolete finances the pursuit of claims through litigation and alternative dispute resolution to produce optimal returns for the creditors of insolvent companies.