Burford Capital (BUR) Shares Up 0%

Shares of Burford Capital Limited (LON:BUR) shot up 0% on Monday . The stock traded as high as GBX 1,538 ($21.25) and last traded at GBX 1,530 ($21.14). 768,678 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 590,227 shares. The stock had previously closed at GBX 1,530 ($21.14).

Several research firms have weighed in on BUR. Berenberg Bank raised their price target on Burford Capital from GBX 1,310 ($18.10) to GBX 1,690 ($23.35) and gave the company a “buy” rating in a report on Wednesday, March 14th. Numis Securities reaffirmed an “add” rating and issued a GBX 1,200 ($16.58) price target on shares of Burford Capital in a report on Tuesday, March 13th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,108 ($15.31) price target on shares of Burford Capital in a report on Friday, March 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 1,324 ($18.29).

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The firm has a market capitalization of $2,880.00 and a price-to-earnings ratio of 1,779.07.

The company also recently disclosed a dividend, which will be paid on Friday, June 22nd. Investors of record on Thursday, May 31st will be issued a dividend of $0.08 per share. This represents a dividend yield of 0.4%. This is a boost from Burford Capital’s previous dividend of $0.03. The ex-dividend date is Thursday, May 31st.

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About Burford Capital

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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