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

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

Manolete Partners Stock Performance

LON MANO opened at GBX 35 on Thursday. The firm has a market cap of £15.33 million, a price-to-earnings ratio of 24.82 and a beta of 0.60. The company has a current ratio of 3.98, a quick ratio of 6.25 and a debt-to-equity ratio of 28.95. Manolete Partners has a 1-year low of GBX 33 and a 1-year high of GBX 118. The company has a 50 day moving average of GBX 40.64 and a 200-day moving average of GBX 51.53.

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.