Berenberg Bank Reaffirms “Buy” Rating for Burford Capital (LON:BUR)

Burford Capital (LON:BUR)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued to investors on Tuesday, September 22nd, Digital Look reports. They presently have a GBX 450 price target on the stock. Berenberg Bank’s target price points to a potential upside of 53.27% from the company’s current price.

Burford Capital Price Performance

LON BUR traded down GBX 8.60 during trading on Tuesday, reaching GBX 293.60. 111,857 shares of the company traded hands, compared to its average volume of 776,923. Burford Capital has a 1-year low of GBX 272.40 and a 1-year high of GBX 912.50. The company has a market cap of £644.70 million, a price-to-earnings ratio of -0.38, a P/E/G ratio of 1.09 and a beta of 1.06. The stock’s 50 day moving average price is GBX 312.88 and its two-hundred day moving average price is GBX 348.39. The company has a debt-to-equity ratio of 294.89, a quick ratio of 8.01 and a current ratio of 3.20.

Burford Capital Company Profile

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.