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 report issued on Friday, Marketbeat Ratings reports. They currently have a GBX 1,600 ($20.63) price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 76.11% from the stock’s previous close.

Burford Capital Stock Performance

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

About Burford Capital

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.