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

Burford Capital (LON:BUR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a report released on Friday, Marketbeat Ratings reports. They currently have a GBX 1,600 ($20.45) price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 64.02% from the stock’s previous close.

Burford Capital Price Performance

Shares of LON:BUR traded down GBX 3.50 ($0.04) during trading on Friday, reaching GBX 975.50 ($12.47). The company had a trading volume of 65,071 shares, compared to its average volume of 195,463. The firm’s fifty day moving average is GBX 1,048.14 and its 200 day moving average is GBX 1,139.06. The company has a debt-to-equity ratio of 57.98, a quick ratio of 8.01 and a current ratio of 17.36. The firm has a market capitalization of £2.14 billion, a PE ratio of 473.54, a price-to-earnings-growth ratio of 1.09 and a beta of 1.02. Burford Capital has a twelve month low of GBX 920.16 ($11.76) and a twelve month high of GBX 1,388 ($17.74).

About Burford Capital

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.