Berenberg Bank Reaffirms “Buy” Rating for Burford Capital (BUR)
Burford Capital (LON:BUR)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday. They presently have a GBX 1,310 ($17.77) target price on the stock. Berenberg Bank’s target price suggests a potential upside of 10.09% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on BUR. Jefferies Group started coverage on shares of Burford Capital in a research report on Wednesday, November 22nd. They issued a “buy” rating and a GBX 1,300 ($17.63) target price for the company. Liberum Capital reissued a “buy” rating and issued a GBX 1,148 ($15.57) target price on shares of Burford Capital in a research report on Friday, December 8th. Finally, Numis Securities reissued an “add” rating and issued a GBX 1,200 ($16.27) target price on shares of Burford Capital in a research report on Friday, December 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 1,138.17 ($15.43).
Burford Capital (LON:BUR) traded up GBX 11.95 ($0.16) during mid-day trading on Wednesday, reaching GBX 1,189.95 ($16.14). 838,209 shares of the company’s stock were exchanged, compared to its average volume of 318,015. Burford Capital has a 1 year low of GBX 11.41 ($0.15) and a 1 year high of GBX 1,258 ($17.06). The company has a market capitalization of $2,470.00 and a PE ratio of 1,776.04.
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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