Burford Capital (LON:BUR) Earns Buy Rating from Berenberg Bank
Berenberg Bank reissued their buy rating on shares of Burford Capital (LON:BUR) in a report released on Tuesday morning, Digital Look reports. Berenberg Bank currently has a GBX 2,070 ($27.05) target price on the stock.
Other research analysts have also issued reports about the stock. Liberum Capital reissued a buy rating on shares of Burford Capital in a research report on Friday, August 16th. Jefferies Financial Group reissued a buy rating and set a GBX 2,400 ($31.36) price target on shares of Burford Capital in a research report on Thursday, August 15th. Finally, Canaccord Genuity dropped their price target on shares of Burford Capital from GBX 1,543 ($20.16) to GBX 1,196 ($15.63) and set a sell rating on the stock in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 2,113.20 ($27.61).
Shares of LON BUR opened at GBX 814.01 ($10.64) on Tuesday. The stock has a market capitalization of $1.77 billion and a P/E ratio of 4.68. The company has a 50-day moving average price of GBX 1,290.86 and a 200-day moving average price of GBX 1,573.27. Burford Capital has a 1 year low of GBX 380.20 ($4.97) and a 1 year high of GBX 2,075 ($27.11). The company has a debt-to-equity ratio of 41.33, a current ratio of 4.79 and a quick ratio of 4.78.
In other news, insider Hugh Steven Wilson purchased 29,410 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average cost of GBX 703 ($9.19) per share, with a total value of £206,752.30 ($270,158.50). Also, insider Charles Parkinson purchased 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of GBX 655 ($8.56) per share, for a total transaction of £52,400 ($68,469.88).
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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