Peel Hunt Reaffirms Buy Rating for Burford Capital (LON:BUR)

Peel Hunt reiterated their buy rating on shares of Burford Capital (LON:BUR) in a report published on Tuesday, LSE.Co.UK reports. They currently have a GBX 1,164 ($15.21) price objective on the stock.

Several other brokerages have also commented on BUR. Berenberg Bank reaffirmed a buy rating and issued a GBX 2,070 ($27.05) price target on shares of Burford Capital in a research note on Tuesday, August 20th. Canaccord Genuity decreased their price target on Burford Capital from GBX 1,240 ($16.20) to GBX 570 ($7.45) and set a sell rating on the stock in a research note on Thursday, August 29th. Numis Securities reiterated a buy rating on shares of Burford Capital in a research report on Monday. Jefferies Financial Group reiterated a buy rating and issued a GBX 2,400 ($31.36) price objective on shares of Burford Capital in a research report on Thursday, August 15th. Finally, Liberum Capital reiterated a buy rating and issued a GBX 2,600 ($33.97) price objective on shares of Burford Capital in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of GBX 1,752.57 ($22.90).

BUR stock traded up GBX 19.50 ($0.25) during trading on Tuesday, hitting GBX 802 ($10.48). The company had a trading volume of 614,383 shares, compared to its average volume of 590,227. The company has a fifty day moving average price of GBX 790.37 and a two-hundred day moving average price of GBX 1,398.99. 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 company has a market cap of $1.75 billion and a P/E ratio of 4.61. Burford Capital has a fifty-two week low of GBX 380.20 ($4.97) and a fifty-two week high of GBX 2,045 ($26.72).

The business also recently disclosed a dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued 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 other Burford Capital news, insider Charles Parkinson bought 8,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of GBX 655 ($8.56) per share, with a total value of £52,400 ($68,469.88). Also, insider Hugh Steven Wilson bought 29,410 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of GBX 703 ($9.19) per share, with a total value of £206,752.30 ($270,158.50).

Burford Capital Company Profile

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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