Burford Capital (LON:BUR) Stock Price Up 8.2% – Here’s What Happened

Burford Capital Limited (LON:BUR – Get Free Report) rose 8.2% during mid-day trading on Thursday. The company traded as high as GBX 247.40 and last traded at GBX 246.60. Approximately 414,143 shares were traded during mid-day trading, a decline of 43% from the average session volume of 730,432 shares. The stock had previously closed at GBX 228.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 450 price objective on shares of Burford Capital in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 450.

Check Out Our Latest Stock Analysis on Burford Capital

Burford Capital Trading Up 8.2%

The firm’s fifty day simple moving average is GBX 294.36 and its 200 day simple moving average is GBX 317.64. The stock has a market capitalization of £541.52 million, a P/E ratio of -0.32, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06. The company has a debt-to-equity ratio of 294.89, a quick ratio of 8.01 and a current ratio of 3.20.

About Burford Capital

(Get Free Report)

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.

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