Analysts Set Burford Capital Limited (NYSE:BUR) Target Price at $9.33

Burford Capital Limited (NYSE:BUR) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $9.3333.

A number of equities analysts have commented on BUR shares. Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Wedbush upped their target price on shares of Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft downgraded Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective on the stock. in a report on Monday, May 11th. Wall Street Zen lowered Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a research report on Thursday, May 14th.

Institutional Investors Weigh In On Burford Capital

Several hedge funds have recently modified their holdings of the business. Orbis Allan Gray Ltd lifted its position in shares of Burford Capital by 31.1% in the 4th quarter. Orbis Allan Gray Ltd now owns 12,051,544 shares of the company’s stock worth $107,500,000 after purchasing an additional 2,859,722 shares during the period. Ameriprise Financial Inc. lifted its position in Burford Capital by 2.5% during the third quarter. Ameriprise Financial Inc. now owns 9,418,521 shares of the company’s stock valued at $107,170,000 after acquiring an additional 229,979 shares during the last quarter. Bank of Montreal Can lifted its position in Burford Capital by 24.8% during the fourth quarter. Bank of Montreal Can now owns 6,779,231 shares of the company’s stock valued at $60,471,000 after acquiring an additional 1,346,663 shares during the last quarter. Cooke & Bieler LP lifted its position in Burford Capital by 31.0% during the fourth quarter. Cooke & Bieler LP now owns 5,194,551 shares of the company’s stock valued at $46,335,000 after acquiring an additional 1,228,328 shares during the last quarter. Finally, Contrarian Capital Management L.L.C. lifted its position in Burford Capital by 58.2% during the third quarter. Contrarian Capital Management L.L.C. now owns 4,044,998 shares of the company’s stock valued at $48,378,000 after acquiring an additional 1,488,250 shares during the last quarter.

Burford Capital Stock Performance

Shares of NYSE:BUR opened at $3.97 on Tuesday. The company has a market capitalization of $868.61 million, a price-to-earnings ratio of -0.54, a PEG ratio of 0.05 and a beta of 1.23. Burford Capital has a 12 month low of $3.59 and a 12 month high of $15.10. The firm’s 50-day moving average is $4.57 and its 200 day moving average is $6.97. The company has a current ratio of 13.72, a quick ratio of 13.72 and a debt-to-equity ratio of 1.59.

Burford Capital Company Profile

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.