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

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Berenberg Bank reiterated their buy rating on shares of Burford Capital (LON:BUR) in a report released on Tuesday, Digital Look reports. They currently have a GBX 2,070 ($27.05) price target on the stock.

Several other brokerages have also recently commented on BUR. Canaccord Genuity reduced their price objective on shares of Burford Capital from GBX 1,543 ($20.16) to GBX 1,196 ($15.63) and set a sell rating for the company in a research note on Wednesday, May 1st. Liberum Capital reaffirmed a buy rating on shares of Burford Capital in a research note on Friday, August 16th. Finally, Jefferies Financial Group reaffirmed a buy rating and set a GBX 2,400 ($31.36) price objective on shares of Burford Capital in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of GBX 2,113.20 ($27.61).

Shares of LON:BUR opened at GBX 814.01 ($10.64) on Tuesday. The company has a 50 day moving average of GBX 1,290.86 and a 200 day moving average of GBX 1,573.27. The stock has a market cap of $1.77 billion and a P/E ratio of 4.68. Burford Capital has a 12 month low of GBX 380.20 ($4.97) and a 12 month high of GBX 2,075 ($27.11). The company has a current ratio of 4.79, a quick ratio of 4.78 and a debt-to-equity ratio of 41.33.

The business also recently declared a dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.04 dividend. The ex-dividend date is Thursday, November 14th. This represents a yield of 0.2%. Burford Capital’s dividend payout ratio is presently 0.04%.

In related news, insider Hugh Steven Wilson purchased 29,410 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average price 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 business’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of GBX 655 ($8.56) per share, with a total value 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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Analyst Recommendations for Burford Capital (LON:BUR)

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