Burford Capital’s (BUR) Buy Rating Reaffirmed at Berenberg Bank

Burford Capital (LON:BUR)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 450 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 64.47% from the company’s previous close.

Burford Capital Stock Down 8.9%

Shares of Burford Capital stock opened at GBX 273.60 on Tuesday. The business’s fifty day moving average price is GBX 313.26 and its two-hundred day moving average price is GBX 352.89. The company has a debt-to-equity ratio of 294.89, a current ratio of 3.20 and a quick ratio of 8.01. The company has a market capitalization of £600.78 million, a P/E ratio of -0.36, a PEG ratio of 1.09 and a beta of 1.06. Burford Capital has a 1-year low of GBX 272.40 and a 1-year high of GBX 931.50.

About Burford Capital

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.