Burford Capital (LON:BUR) Trading 0.1% Higher – Should You Buy?

Burford Capital Limited (LON:BUR)’s share price traded up 0.1% during mid-day trading on Wednesday . The stock traded as high as GBX 1,100 ($13.88) and last traded at GBX 1,053 ($13.29). 137,103 shares were traded during trading, a decline of 33% from the average session volume of 203,661 shares. The stock had previously closed at GBX 1,052 ($13.28).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,600 ($20.19) price target on shares of Burford Capital in a research report on Friday, November 8th.

Burford Capital Stock Down 1.8 %

The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 55.40. The firm has a market capitalization of £2.33 billion, a P/E ratio of 787.41, a P/E/G ratio of 1.09 and a beta of 0.94. The stock’s 50-day simple moving average is GBX 1,053.16 and its 200-day simple moving average is GBX 1,039.86.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.