Burford Capital’s (BUR) Buy Rating Reiterated at Numis Securities
Burford Capital (LON:BUR)‘s stock had its “buy” rating reaffirmed by analysts at Numis Securities in a report released on Wednesday. They currently have a GBX 2,300 ($30.05) price target on the stock. Numis Securities’ target price suggests a potential upside of 22.99% from the stock’s previous close.
BUR has been the topic of a number of other research reports. Liberum Capital restated a “buy” rating and issued a GBX 2,300 ($30.05) target price on shares of Burford Capital in a research note on Friday, January 25th. Canaccord Genuity reiterated a “sell” rating and set a GBX 1,543 ($20.16) price objective on shares of Burford Capital in a research note on Tuesday, February 19th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 2,026 ($26.47).
Shares of Burford Capital stock opened at GBX 1,870 ($24.43) on Wednesday. The stock has a market capitalization of $4.09 billion and a PE ratio of 14.09. The company has a current ratio of 6.58, a quick ratio of 6.55 and a debt-to-equity ratio of 68.55. Burford Capital has a 1 year low of GBX 1,166 ($15.24) and a 1 year high of GBX 2,075 ($27.11).
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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