Burford Capital Limited’s (BUR) Buy Rating Reaffirmed at Berenberg Bank
Berenberg Bank reaffirmed their buy rating on shares of Burford Capital Limited (LON:BUR) in a research note issued to investors on Wednesday morning. The firm currently has a GBX 1,310 ($17.38) target price on the stock.
Several other analysts have also issued reports on the stock. Macquarie reissued an outperform rating and issued a GBX 1,093 ($14.50) price target on shares of Burford Capital Limited in a research report on Friday, July 28th. Numis Securities Ltd reissued an add rating and issued a GBX 1,200 ($15.92) price target on shares of Burford Capital Limited in a research report on Thursday, July 27th. N+1 Singer reissued an under review rating on shares of Burford Capital Limited in a research report on Thursday, July 27th. Finally, Liberum Capital reissued a buy rating and issued a GBX 1,148 ($15.23) price target on shares of Burford Capital Limited in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 1,113.80 ($14.77).
Shares of Burford Capital Limited (LON:BUR) traded up 3.07% on Wednesday, hitting GBX 1075.00. 118,949 shares of the company’s stock were exchanged. The firm’s market cap is GBX 2.24 billion. Burford Capital Limited has a 12 month low of GBX 410.00 and a 12 month high of GBX 1,250.00. The stock’s 50 day moving average is GBX 1,108.86 and its 200 day moving average is GBX 946.22.
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The company also recently disclosed a dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a yield of 0.22%.
Burford Capital Limited 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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