Burford Capital (LON:BUR) Earns Buy Rating from Berenberg Bank

Burford Capital (LON:BUR)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Friday, MarketBeat Ratings reports. They currently have a GBX 1,600 ($20.83) target price on the stock. Berenberg Bank’s target price points to a potential upside of 44.53% from the stock’s previous close.

Burford Capital Trading Up 0.3 %

Shares of BUR opened at GBX 1,107 ($14.41) on Friday. The firm has a market cap of £2.43 billion, a price-to-earnings ratio of 820.00, a PEG ratio of 1.09 and a beta of 0.94. The company has a debt-to-equity ratio of 55.40, a quick ratio of 8.01 and a current ratio of 15.07. Burford Capital has a fifty-two week low of GBX 800 ($10.41) and a fifty-two week high of GBX 1,349 ($17.56). The firm has a 50 day moving average price of GBX 1,020.93 and a 200-day moving average price of GBX 1,062.70.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.