Burford Capital (LON:BUR)‘s stock had its “buy” rating restated by Jefferies Financial Group in a report released on Thursday, Digital Look reports. They presently have a GBX 2,400 ($31.36) price objective on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 172.57% from the company’s previous close.
Other research analysts have also issued research reports about the stock. Canaccord Genuity cut their price objective on shares of Burford Capital from GBX 1,543 ($20.16) to GBX 1,196 ($15.63) and set a “sell” rating for the company in a research report on Wednesday, May 1st. Berenberg Bank upped their price objective 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 report on Friday, July 26th. Finally, Liberum Capital reaffirmed a “buy” rating on shares of Burford Capital in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Burford Capital currently has a consensus rating of “Buy” and an average target price of GBX 2,113.20 ($27.61).
Shares of BUR traded up GBX 103.50 ($1.35) during trading hours on Thursday, reaching GBX 880.50 ($11.51). 4,490,885 shares of the company traded hands, compared to its average volume of 590,227. The firm has a fifty day moving average of GBX 1,406.85. The firm has a market cap of $1.70 billion and a PE ratio of 5.86. The company has a current ratio of 2.83, a quick ratio of 2.81 and a debt-to-equity ratio of 46.85. Burford Capital has a 1-year low of GBX 380.20 ($4.97) and a 1-year high of GBX 2,075 ($27.11).
In other Burford Capital news, insider Charles Parkinson bought 8,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of GBX 655 ($8.56) per share, with a total value of £52,400 ($68,469.88). Also, insider Hugh Steven Wilson bought 29,410 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of GBX 703 ($9.19) per share, for a total transaction 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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