Burford Capital Limited (LON:BUR) Given Average Rating of “Buy” by Brokerages
Shares of Burford Capital Limited (LON:BUR) have received a consensus rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 1,187.75 ($15.47).
A number of research firms recently commented on BUR. Macquarie reissued an “outperform” rating and issued a GBX 1,093 ($14.23) price target on shares of Burford Capital Limited in a report on Friday, July 28th. Numis Securities Ltd reissued an “add” rating and issued a GBX 1,200 ($15.63) price target on shares of Burford Capital Limited in a report on Thursday, July 27th. Liberum Capital reissued a “buy” rating and issued a GBX 1,148 ($14.95) price target on shares of Burford Capital Limited in a report on Thursday, July 27th. N+1 Singer reissued an “under review” rating on shares of Burford Capital Limited in a report on Thursday, July 27th. Finally, Berenberg Bank began coverage on Burford Capital Limited in a report on Friday, July 14th. They issued a “buy” rating and a GBX 1,310 ($17.06) price target on the stock.
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Shares of Burford Capital Limited (LON BUR) opened at 1225.00 on Tuesday. The company has a 50-day moving average of GBX 961.71 and a 200-day moving average of GBX 823.51. The stock’s market capitalization is GBX 2.55 billion. Burford Capital Limited has a 52 week low of GBX 385.05 and a 52 week high of GBX 1,250.00.
The company also recently disclosed a dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, October 19th. This represents a dividend yield of 0.22%.
About Burford Capital Limited
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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