Burford Capital (LON:BUR) Given New GBX 450 Price Target at Berenberg Bank

Burford Capital (LON:BUR) had its price target reduced by analysts at Berenberg Bank from GBX 500 to GBX 450 in a research note issued on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 22.10% from the company’s current price.

Burford Capital Stock Down 0.9%

Shares of LON:BUR opened at GBX 368.56 on Monday. Burford Capital has a 52-week low of GBX 288.37 and a 52-week high of GBX 1,113. The stock has a market cap of £806.77 million, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24. The business’s 50 day moving average is GBX 461.35 and its 200 day moving average is GBX 617.22. The company has a quick ratio of 8.01, a current ratio of 1.57 and a debt-to-equity ratio of 87.46.

About Burford Capital

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.