Canaccord Genuity Group Issues Pessimistic Forecast for Manolete Partners (LON:MANO) Stock Price

Manolete Partners (LON:MANO) had its target price decreased by research analysts at Canaccord Genuity Group from GBX 130 to GBX 67 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 91.43% from the stock’s previous close.

Manolete Partners Stock Performance

Shares of LON MANO opened at GBX 35 on Thursday. The business’s 50-day simple moving average is GBX 40.64 and its 200-day simple moving average is GBX 51.53. Manolete Partners has a 52 week low of GBX 33 and a 52 week high of GBX 118. The company has a debt-to-equity ratio of 28.95, a quick ratio of 6.25 and a current ratio of 3.98. The firm has a market cap of £15.33 million, a price-to-earnings ratio of 24.82 and a beta of 0.60.

Manolete Partners Company Profile

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.