Burford Capital (BUR) Receives Buy Rating from Berenberg Bank
Burford Capital (LON:BUR)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued to clients and investors on Wednesday. They presently have a GBX 1,310 ($17.63) price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 7.77% from the stock’s previous close.
A number of other research analysts have also issued reports on BUR. Macquarie restated an “outperform” rating and set a GBX 1,322 ($17.79) price objective on shares of Burford Capital in a research report on Tuesday, August 22nd. Jefferies Group started coverage on Burford Capital in a research note on Wednesday, November 22nd. They set a “buy” rating and a GBX 1,300 ($17.50) target price on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,144.83 ($15.41).
Burford Capital (LON BUR) opened at GBX 1,215.58 ($16.36) on Wednesday. Burford Capital has a 12-month low of GBX 11.41 ($0.15) and a 12-month high of GBX 1,258 ($16.93).
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About Burford Capital
Burford Capital Limited is a global finance company focused on law. The Company provides investment capital, investment management, financing and risk solutions with a focus on the litigation and arbitration sector. The Company’s segments include provision of litigation investment, provision of litigation insurance, exploration of new initiatives related to application of capital to the litigation and arbitration sector until such time as those initiatives mature into full-fledged independent segments and investment management activities.
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