Berenberg Bank Reiterates Buy Rating for Burford Capital (LON:BUR)

Burford Capital (LON:BUR)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a note issued to investors on Friday, Marketbeat reports. They presently have a GBX 1,600 ($20.83) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 47.13% from the stock’s current price.

Burford Capital Stock Down 1.5 %

BUR stock traded down GBX 16.54 ($0.22) during midday trading on Friday, hitting GBX 1,087.46 ($14.16). The company’s stock had a trading volume of 206,554 shares, compared to its average volume of 205,738. Burford Capital has a 12 month low of GBX 800 ($10.41) and a 12 month high of GBX 1,349 ($17.56). The firm’s 50-day moving average is GBX 1,019.56 and its 200-day moving average is GBX 1,063.39. The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 55.40. The company has a market cap of £2.39 billion, a PE ratio of 805.52, a P/E/G ratio of 1.09 and a beta of 0.94.

Burford Capital Company Profile

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.