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

Burford Capital (LON:BUR)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 450 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 43.22% from the stock’s current price.

Burford Capital Trading Down 0.6%

Shares of Burford Capital stock opened at GBX 314.20 on Friday. The company has a 50-day moving average of GBX 319.98 and a two-hundred day moving average of GBX 443.91. Burford Capital has a 12-month low of GBX 288.37 and a 12-month high of GBX 1,054. The company has a current ratio of 1.57, a quick ratio of 8.01 and a debt-to-equity ratio of 87.46. The stock has a market cap of £688.31 million, a PE ratio of -0.43, a price-to-earnings-growth ratio of 1.09 and a beta of 1.08.

Burford Capital Company Profile

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.