Burford Capital Limited (LON:BUR - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 841.65 ($10.96) and last traded at GBX 848.68 ($11.05), with a volume of 478224 shares trading hands. The stock had previously closed at GBX 1,086 ($14.14).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,600 ($20.83) target price on shares of Burford Capital in a research report on Friday, August 9th.
Read Our Latest Analysis on BUR
Burford Capital Trading Up 1.7 %
The business has a 50-day moving average of GBX 1,017.47 and a 200-day moving average of GBX 1,063.99. The stock has a market capitalization of £2.42 billion, a price-to-earnings ratio of 688.48, a PEG ratio of 1.09 and a beta of 0.94. The company has a debt-to-equity ratio of 55.40, a quick ratio of 8.01 and a current ratio of 15.07.
About Burford Capital
(
Get Free Report)
Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.
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