Berenberg Bank reaffirmed their buy rating on shares of Burford Capital (LON:BUR) in a research report sent to investors on Wednesday morning. Berenberg Bank currently has a GBX 1,310 ($17.77) target price on the stock.
A number of other brokerages have also recently issued reports on BUR. Liberum Capital restated a buy rating and set a GBX 1,148 ($15.57) target price on shares of Burford Capital in a report on Friday, December 8th. Numis Securities restated an add rating and set a GBX 1,200 ($16.27) target price on shares of Burford Capital in a report on Wednesday. Finally, Jefferies Group assumed coverage on Burford Capital in a report on Wednesday, November 22nd. They set a buy rating and a GBX 1,300 ($17.63) target price on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of GBX 1,138.17 ($15.43).
Burford Capital (LON:BUR) opened at GBX 1,189.95 ($16.14) on Wednesday. Burford Capital has a 1-year low of GBX 11.41 ($0.15) and a 1-year high of GBX 1,258 ($17.06). The stock has a market capitalization of $2,470.00 and a PE ratio of 1,776.04.
Burford Capital Limited is a global finance company focused on law. The Company provides investment capital, investment management, financing and risk solutions with a focus on the litigation and arbitration sector. The Company’s segments include provision of litigation investment, provision of litigation insurance, exploration of new initiatives related to application of capital to the litigation and arbitration sector until such time as those initiatives mature into full-fledged independent segments and investment management activities.
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