Burford Capital (LON:BUR) was downgraded by analysts at Berenberg Bank to a “hold” rating in a research note issued on Wednesday, Stock Target Advisor reports. They presently have a GBX 810 ($10.58) target price on the stock, down from their prior target price of GBX 2,070 ($27.05). Berenberg Bank’s price target suggests a potential upside of 2.92% from the company’s previous close.
BUR has been the subject of a number of other reports. Numis Securities reaffirmed a “buy” rating on shares of Burford Capital in a research note on Monday, September 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,400 ($31.36) price target on shares of Burford Capital in a research note on Thursday, August 15th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,164 ($15.21) price target on shares of Burford Capital in a research note on Tuesday, October 1st. Peel Hunt reaffirmed a “buy” rating on shares of Burford Capital in a research note on Thursday, October 31st. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 2,600 ($33.97) price target on shares of Burford Capital in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 1,572.57 ($20.55).
BUR stock opened at GBX 787 ($10.28) on Wednesday. Burford Capital has a 12 month low of GBX 380.20 ($4.97) and a 12 month high of GBX 2,045 ($26.72). 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 50-day moving average price of GBX 840.68 and a 200 day moving average price of GBX 1,178.96. The stock has a market cap of $1.73 billion and a PE ratio of 4.52.
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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