Berenberg Bank Cuts Burford Capital (LON:BUR) Price Target to GBX 500

Burford Capital (LON:BUR) had its price objective reduced by Berenberg Bank from GBX 1,600 to GBX 500 in a report issued on Monday,London Stock Exchange reports. Berenberg Bank currently has a buy rating on the stock.

Burford Capital Stock Up 9.9%

BUR stock opened at GBX 342.40 on Monday. Burford Capital has a 1-year low of GBX 288.37 and a 1-year high of GBX 1,113. The business’s 50 day simple moving average is GBX 629.53 and its 200 day simple moving average is GBX 710. The company has a current ratio of 1.57, a quick ratio of 8.01 and a debt-to-equity ratio of 87.46. The firm has a market capitalization of £749.50 million, a PE ratio of 12.23, a PEG ratio of 1.09 and a beta of 1.02.

Burford Capital Company Profile

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 works with companies and law firms around the world from its global network of offices.