Berenberg Bank Reiterates Buy Rating for Burford Capital (LON:BUR)

Burford Capital (LON:BUR)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research report issued on Thursday, MarketBeat reports. They currently have a GBX 1,600 ($21.29) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 53.40% from the company’s current price.

Burford Capital Stock Down 1.9 %

BUR opened at GBX 1,043 ($13.88) on Thursday. Burford Capital has a 1-year low of GBX 800 ($10.64) and a 1-year high of GBX 1,300 ($17.29). The business has a 50 day moving average of GBX 1,025.65 and a 200-day moving average of GBX 1,068.72. The stock has a market capitalization of £2.87 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 1.09 and a beta of 0.94. The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 77.74.

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.