Manolete Partners (LON:MANO) Earns “Buy” Rating from Canaccord Genuity Group

Manolete Partners (LON:MANO)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 67 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 72.68% from the company’s current price.

Manolete Partners Stock Performance

Shares of MANO stock opened at GBX 38.80 on Wednesday. The business has a fifty day moving average of GBX 40.46 and a 200 day moving average of GBX 45.11. Manolete Partners has a 1 year low of GBX 32 and a 1 year high of GBX 118. The company has a debt-to-equity ratio of 30.06, a current ratio of 7.43 and a quick ratio of 6.25. The firm has a market capitalization of £17.07 million, a price-to-earnings ratio of 15.77 and a beta of 0.59.

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