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Burford Capital (LON:BUR) Receives Buy Rating from Berenberg Bank

Burford Capital logo with Financial Services background

Burford Capital (LON:BUR - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Berenberg Bank in a report released on Friday, MarketBeat reports. They currently have a GBX 1,600 ($20.44) target price on the stock. Berenberg Bank's target price would suggest a potential upside of 76.21% from the stock's current price.

Burford Capital Trading Down 5.3 %

Shares of BUR stock traded down GBX 51 ($0.65) during trading hours on Friday, hitting GBX 908 ($11.60). The company had a trading volume of 149,836 shares, compared to its average volume of 220,876. The company has a debt-to-equity ratio of 77.74, a current ratio of 15.07 and a quick ratio of 8.01. The stock has a market capitalization of £2.50 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94. The company's fifty day moving average is GBX 1,101.90 and its 200 day moving average is GBX 1,068.39. Burford Capital has a fifty-two week low of GBX 800 ($10.22) and a fifty-two week high of GBX 1,349 ($17.24).

Burford Capital Company Profile

(Get Free Report)

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange NYSE: BUR and the London Stock Exchange LSE: BUR, and it works with companies and law firms around the world from its offices in New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney and Hong Kong.

Further Reading

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