Burford Capital (LON:BUR) Given “Buy” Rating at Berenberg Bank

Burford Capital (LON:BUR)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a report issued on Friday, Marketbeat.com reports. They currently have a GBX 1,600 ($20.83) price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 47.13% from the stock’s previous close.

Burford Capital Price Performance

LON BUR traded down GBX 16.54 ($0.22) during trading hours on Friday, hitting GBX 1,087.46 ($14.16). The company had a trading volume of 206,554 shares, compared to its average volume of 205,738. The firm has a 50 day simple moving average of GBX 1,019.56 and a 200 day simple moving average of GBX 1,063.39. Burford Capital has a 52 week low of GBX 800 ($10.41) and a 52 week high of GBX 1,349 ($17.56). The firm has a market capitalization of £2.39 billion, a price-to-earnings ratio of 805.52, a PEG ratio of 1.09 and a beta of 0.94. The company has a debt-to-equity ratio of 55.40, a quick ratio of 8.01 and a current ratio of 15.07.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.