Burford Capital (LON:BUR) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Burford Capital (LON:BUR) in a report issued on Friday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 1,600 ($20.64) target price on the stock.

Burford Capital Price Performance

Shares of LON BUR opened at GBX 908.50 ($11.72) on Friday. The firm has a fifty day simple moving average of GBX 1,115.40 and a 200 day simple moving average of GBX 1,069.89. The company has a market capitalization of £2.50 billion, a PE ratio of 16.25, a P/E/G ratio of 1.09 and a beta of 0.94. The company has a quick ratio of 8.01, a current ratio of 15.07 and a debt-to-equity ratio of 77.74. Burford Capital has a twelve month low of GBX 800 ($10.32) and a twelve month high of GBX 1,349 ($17.40).

Burford Capital Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, May 22nd. This represents a yield of 0.45%. Burford Capital’s dividend payout ratio (DPR) is 17.89%.

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 it works with companies and law firms around the world from its offices in New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney and Hong Kong.