Burford Capital (LON:BUR) Shares Climb 8.2% – What’s Next?

Burford Capital Limited (LON:BUR)’s share price rose 8.2% on Thursday. The company traded as high as GBX 247.40 and last traded at GBX 246.60. 414,143 shares changed hands 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.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 450 target price on shares of Burford Capital in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Burford Capital presently has a consensus rating of “Buy” and a consensus target price of GBX 450.

Burford Capital Trading Up 2.3%

The stock has a market cap of £553.82 million, a P/E ratio of -0.33, a P/E/G ratio of 1.09 and a beta of 1.06. The company has a current ratio of 3.20, a quick ratio of 8.01 and a debt-to-equity ratio of 294.89. The company has a 50-day moving average price of GBX 291.45 and a two-hundred day moving average price of GBX 316.72.

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.