Burford Capital (LON:BUR) had its target price raised by research analysts at Berenberg Bank from GBX 1,310 ($18.10) to GBX 1,690 ($23.35) in a research note issued on Wednesday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 14.81% from the stock’s current price.
BUR has been the topic of a number of other research reports. Jefferies Group started coverage on shares of Burford Capital in a report on Wednesday, November 22nd. They set a “buy” rating and a GBX 1,300 ($17.96) target price on the stock. Liberum Capital cut shares of Burford Capital to a “hold” rating and dropped their target price for the company from GBX 1,148 ($15.86) to GBX 1,108 ($15.31) in a report on Saturday, December 16th. Finally, Numis Securities reiterated an “add” rating and issued a GBX 1,200 ($16.58) price target on shares of Burford Capital in a research note on Tuesday, March 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 1,248 ($17.24).
Shares of Burford Capital (LON BUR) opened at GBX 1,472 ($20.34) on Wednesday. Burford Capital has a fifty-two week low of GBX 11.41 ($0.16) and a fifty-two week high of GBX 1,459.40 ($20.16). The company has a market cap of $2,880.00 and a price-to-earnings ratio of 1,711.63.
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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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