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

Manolete Partners (LON:MANO)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a report released on Wednesday, Digital Look reports. They presently have a GBX 67 price objective on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 72.68% from the stock’s current price.

Manolete Partners Stock Performance

LON MANO opened at GBX 38.80 on Wednesday. The firm has a market capitalization of £17.07 million, a P/E ratio of 15.77 and a beta of 0.59. The stock has a 50-day simple moving average of GBX 40.46 and a two-hundred day simple moving average of GBX 45.11. The company has a debt-to-equity ratio of 30.06, a quick ratio of 6.25 and a current ratio of 7.43. Manolete Partners has a fifty-two week low of GBX 32 and a fifty-two week high of GBX 118.

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