Burford Capital Limited (LON:BUR) has been given an average recommendation of “Buy” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,661.33 ($21.71).
A number of analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,400 ($31.36) price target on shares of Burford Capital in a report on Thursday, August 15th. Canaccord Genuity lowered their price target on Burford Capital from GBX 1,240 ($16.20) to GBX 570 ($7.45) and set a “sell” rating for the company in a report on Thursday, August 29th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,070 ($27.05) price target on shares of Burford Capital in a report on Tuesday, August 20th. Peel Hunt assumed coverage on Burford Capital in a report on Thursday, September 26th. They issued a “buy” rating and a GBX 1,164 ($15.21) price target for the company. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 1,164 ($15.21) price target on shares of Burford Capital in a report on Tuesday, October 1st.
Shares of LON BUR opened at GBX 810.02 ($10.58) on Monday. The company has a debt-to-equity ratio of 46.85, a quick ratio of 2.81 and a current ratio of 2.83. The firm has a market capitalization of $1.77 billion and a price-to-earnings ratio of 5.39. The stock has a 50 day moving average price of GBX 783.66 and a 200 day moving average price of GBX 1,325.56. Burford Capital has a 52-week low of GBX 380.20 ($4.97) and a 52-week high of GBX 2,045 ($26.72).
The firm also recently disclosed a dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.04 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend is Thursday, November 14th. Burford Capital’s dividend payout ratio (DPR) is 0.05%.
In other Burford Capital news, insider Charles Parkinson acquired 8,000 shares of Burford Capital stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of GBX 655 ($8.56) per share, with a total value of £52,400 ($68,469.88). Also, insider Hugh Steven Wilson acquired 29,410 shares of Burford Capital stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of GBX 703 ($9.19) per share, with a total value of £206,752.30 ($270,158.50).
Burford Capital Company Profile
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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