Manolete Partners’ (MANO) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Manolete Partners (LON:MANO) in a research note issued to investors on Wednesday morning,Digital Look reports. They currently have a GBX 67 price objective on the stock.

Manolete Partners Trading Up 4.4%

Shares of Manolete Partners stock opened at GBX 40.70 on Wednesday. The company has a debt-to-equity ratio of 30.06, a quick ratio of 6.25 and a current ratio of 7.43. The company has a market capitalization of £17.90 million, a P/E ratio of 16.54 and a beta of 0.59. Manolete Partners has a 1 year low of GBX 32 and a 1 year high of GBX 115.90. The company’s fifty day moving average is GBX 40.41 and its two-hundred day moving average is GBX 44.80.

Manolete Partners (LON:MANO) last released its quarterly earnings results on Thursday, June 25th. The company reported GBX 2.50 earnings per share (EPS) for the quarter. Manolete Partners had a return on equity of 2.62% and a net margin of 3.92%.The firm had revenue of GBX 2,788 million for the quarter. Analysts forecast 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 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.