Burford Capital (BUR) PT Raised to GBX 1,747 at Jefferies Group

Burford Capital (LON:BUR) had its price target increased by Jefferies Group from GBX 1,300 ($17.63) to GBX 1,747 ($23.70) in a report published on Tuesday. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the company. Liberum Capital reiterated a hold rating and issued a GBX 1,108 ($15.03) price target on shares of Burford Capital in a research note on Wednesday, January 10th. Numis Securities reiterated an add rating and issued a GBX 1,200 ($16.28) price target on shares of Burford Capital in a research note on Wednesday, January 10th. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 1,310 ($17.77) price target on shares of Burford Capital in a research note on Wednesday, March 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 1,453.60 ($19.72).

Shares of Burford Capital opened at GBX 1,538 ($20.86) on Tuesday, according to MarketBeat Ratings. Burford Capital has a 52 week low of GBX 11.41 ($0.15) and a 52 week high of GBX 1,459.40 ($19.80). The firm has a market capitalization of $2.88 billion and a PE ratio of 1,558.14.

The business also recently announced a dividend, which will be paid on Friday, June 22nd. Investors of record on Thursday, May 31st will be given a dividend of $0.08 per share. This is a positive change from Burford Capital’s previous dividend of $0.03. This represents a yield of 0.4%. The ex-dividend date is Thursday, May 31st.

In related news, insider Christopher Bogart sold 4,400,000 shares of the firm’s stock in a transaction on Friday, March 23rd. The stock was sold at an average price of GBX 1,350 ($18.31), for a total transaction of £59,400,000 ($80,575,149.21).

About Burford Capital

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.

Analyst Recommendations for Burford Capital (LON:BUR)

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