Numis Securities Reaffirms “Add” Rating for Burford Capital (BUR)
Burford Capital (LON:BUR)‘s stock had its “add” rating reiterated by research analysts at Numis Securities in a research note issued on Tuesday. They presently have a GBX 1,200 ($16.58) price objective on the stock. Numis Securities’ target price suggests a potential downside of 15.97% from the company’s current price.
BUR has been the subject of several other reports. Liberum Capital restated a “hold” rating and issued a GBX 1,108 ($15.31) price objective on shares of Burford Capital in a research note on Friday, March 9th. Berenberg Bank restated a “buy” rating and issued a GBX 1,310 ($18.10) price objective on shares of Burford Capital in a research note on Wednesday, December 6th. Finally, Jefferies Group assumed coverage on Burford Capital in a research note on Wednesday, November 22nd. They issued a “buy” rating and a GBX 1,300 ($17.96) price objective for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,248 ($17.24).
Shares of Burford Capital (LON:BUR) opened at GBX 1,428 ($19.73) on Tuesday. The firm has a market cap of $2,960.00 and a price-to-earnings ratio of 2,196.92. Burford Capital has a 12 month low of GBX 11.41 ($0.16) and a 12 month high of GBX 1,430 ($19.76).
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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