Burford Capital Limited (NYSE:BUR) Receives $9.33 Consensus Target Price from Analysts

Shares of Burford Capital Limited (NYSE:BURGet Free Report) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.3333.

BUR has been the subject of a number of analyst reports. B. Riley Financial reiterated a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft cut shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 target price for the company. in a research note on Monday, May 11th. Weiss Ratings cut shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Wedbush lifted their price target on shares of Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a research report on Monday, May 11th.

Check Out Our Latest Stock Report on BUR

Hedge Funds Weigh In On Burford Capital

Institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Burford Capital by 1,687.7% in the fourth quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after purchasing an additional 2,751 shares during the period. Quadrant Capital Group LLC bought a new position in shares of Burford Capital in the fourth quarter valued at approximately $53,000. Strs Ohio bought a new position in shares of Burford Capital in the first quarter valued at approximately $55,000. Insigneo Advisory Services LLC bought a new position in shares of Burford Capital in the fourth quarter valued at approximately $93,000. Finally, Equitable Holdings Inc. bought a new position in shares of Burford Capital in the fourth quarter valued at approximately $94,000.

Burford Capital Price Performance

NYSE BUR opened at $4.57 on Friday. The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $1.00 billion, a PE ratio of -0.62, a price-to-earnings-growth ratio of 0.06 and a beta of 1.23. The company has a 50 day moving average price of $4.94 and a two-hundred day moving average price of $7.63. Burford Capital has a 12-month low of $3.59 and a 12-month high of $15.10.

About Burford Capital

(Get Free Report)

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.

Further Reading

Analyst Recommendations for Burford Capital (NYSE:BUR)

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