Burford Capital (LON:BUR) Given “Buy” Rating at Liberum Capital

Liberum Capital reiterated their buy rating on shares of Burford Capital (LON:BUR) in a report published on Friday morning, ThisIsMoney.Co.Uk reports.

BUR has been the topic of a number of other reports. Canaccord Genuity reduced their price target on shares of Burford Capital from GBX 1,543 ($20.16) to GBX 1,196 ($15.63) and set a sell rating on the stock in a research note on Wednesday, May 1st. Jefferies Financial Group reissued a buy rating and issued a GBX 2,400 ($31.36) price target on shares of Burford Capital in a research note on Thursday. Finally, Berenberg Bank boosted their price target on shares of Burford Capital from GBX 1,690 ($22.08) to GBX 2,070 ($27.05) and gave the company a buy rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 2,113.20 ($27.61).

Shares of Burford Capital stock traded down GBX 77.50 ($1.01) on Friday, reaching GBX 803 ($10.49). The company had a trading volume of 3,866,924 shares, compared to its average volume of 590,227. The business has a 50 day simple moving average of GBX 1,379.80. The stock has a market cap of $1.76 billion and a price-to-earnings ratio of 5.34. Burford Capital has a 52-week low of GBX 380.20 ($4.97) and a 52-week high of GBX 2,075 ($27.11). The company has a current ratio of 2.83, a quick ratio of 2.81 and a debt-to-equity ratio of 46.85.

The firm also recently disclosed a dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.04 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, November 14th. Burford Capital’s dividend payout ratio (DPR) is currently 0.05%.

In other Burford Capital news, insider Charles Parkinson acquired 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of GBX 655 ($8.56) per share, for a total transaction of £52,400 ($68,469.88). Also, insider Hugh Steven Wilson purchased 29,410 shares of the stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of GBX 703 ($9.19) per share, with a total value of £206,752.30 ($270,158.50).

Burford Capital Company Profile

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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Analyst Recommendations for Burford Capital (LON:BUR)

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