Burford Capital Limited (LON:BUR) Receives Outperform Rating from Macquarie
Macquarie reaffirmed their outperform rating on shares of Burford Capital Limited (LON:BUR) in a research note issued to investors on Friday morning, Marketbeat reports. The brokerage currently has a GBX 1,093 ($14.42) target price on the stock.
Several other equities research analysts have also issued reports on the company. Numis Securities Ltd reissued an add rating and set a GBX 1,200 ($15.83) price objective on shares of Burford Capital Limited in a research note on Thursday, July 27th. Liberum Capital reissued a buy rating and set a GBX 1,148 ($15.14) price objective on shares of Burford Capital Limited in a research note on Thursday, July 27th. N+1 Singer reissued an under review rating on shares of Burford Capital Limited in a research note on Thursday, July 27th. Finally, Berenberg Bank began coverage on Burford Capital Limited in a research note on Friday, July 14th. They set a buy rating and a GBX 1,310 ($17.28) price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Burford Capital Limited presently has a consensus rating of Buy and a consensus price target of GBX 1,068 ($14.09).
Shares of Burford Capital Limited (LON:BUR) opened at 1130.00 on Friday. Burford Capital Limited has a 12 month low of GBX 362.00 and a 12 month high of GBX 1,130.00. The company’s market cap is GBX 2.52 billion. The firm’s 50-day moving average price is GBX 924.57 and its 200-day moving average price is GBX 806.47.
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The company also recently declared a dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be paid a dividend of $0.03 per share. This represents a yield of 0.22%. The ex-dividend date is Thursday, October 19th.
About Burford Capital Limited
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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