Berenberg Bank Has Lowered Expectations for Burford Capital (LON:BUR) Stock Price

Burford Capital (LON:BUR) had its price target dropped by analysts at Berenberg Bank from GBX 1,600 to GBX 500 in a research report issued on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 58.13% from the stock’s current price.

Burford Capital Stock Performance

BUR stock traded down GBX 22.80 during midday trading on Monday, reaching GBX 316.20. 3,323,839 shares of the company’s stock traded hands, compared to its average volume of 516,193. The firm has a market capitalization of £692.15 million, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.09 and a beta of 1.02. The company has a 50-day moving average price of GBX 652.45 and a two-hundred day moving average price of GBX 721.53. Burford Capital has a 52 week low of GBX 289.20 and a 52 week high of GBX 1,113. The company has a debt-to-equity ratio of 87.46, a quick ratio of 8.01 and a current ratio of 1.57.

Burford Capital Company Profile

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.