Burford Capital (LON:BUR) Trading Up 0.1% – Here’s What Happened

Burford Capital Limited (LON:BUR)’s share price traded up 0.1% on Wednesday . The company traded as high as GBX 1,100 ($13.88) and last traded at GBX 1,053 ($13.29). 137,103 shares changed hands during trading, a decline of 33% from the average session volume of 203,661 shares. The stock had previously closed at GBX 1,052 ($13.28).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,600 ($20.19) price target on shares of Burford Capital in a report on Friday, November 8th.

Burford Capital Price Performance

The business has a 50-day moving average price of GBX 1,053.16 and a 200 day moving average price of GBX 1,039.86. The stock has a market cap of £2.33 billion, a PE ratio of 787.41, a PEG ratio of 1.09 and a beta of 0.94. The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 55.40.

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.