Burford Capital (BUR) Receives Add Rating from Numis Securities
Burford Capital (LON:BUR)‘s stock had its “add” rating reiterated by investment analysts at Numis Securities in a note issued to investors on Wednesday. They currently have a GBX 1,200 ($16.27) target price on the stock. Numis Securities’ price objective would indicate a potential upside of 2.56% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,310 ($17.77) target price on shares of Burford Capital in a research note on Wednesday, October 4th. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,108 ($15.03) target price on shares of Burford Capital in a research note on Wednesday, January 10th. Finally, Jefferies Group initiated coverage on Burford Capital in a research note on Wednesday, November 22nd. They set a “buy” rating and a GBX 1,300 ($17.63) target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Burford Capital presently has a consensus rating of “Buy” and an average price target of GBX 1,138.17 ($15.43).
Shares of Burford Capital (LON BUR) traded up GBX 2 ($0.03) during trading on Wednesday, reaching GBX 1,170 ($15.87). The company’s stock had a trading volume of 79,655 shares, compared to its average volume of 343,812. The company has a market cap of $2,450.00 and a P/E ratio of 1,772.73. Burford Capital has a 52-week low of GBX 11.41 ($0.15) and a 52-week high of GBX 1,258 ($17.06).
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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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