Burford Capital (LON:BUR) Stock Jumps 8.2% – Here’s What Happened

Shares of Burford Capital Limited (LON:BUR) traded up 8.2% during mid-day trading on Thursday. The stock traded as high as GBX 247.40 and last traded at GBX 246.60. 414,143 shares were traded during mid-day trading, a decline of 43% from the average session volume of 730,432 shares. The stock had previously closed at GBX 228.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 450 target price on shares of Burford Capital in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 450.

Burford Capital Price Performance

The stock’s 50-day moving average price is GBX 294.36 and its 200-day moving average price is GBX 317.64. The company has a market capitalization of £541.52 million, a price-to-earnings ratio of -0.32, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06. The company has a quick ratio of 8.01, a current ratio of 3.20 and a debt-to-equity ratio of 294.89.

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.