Burford Capital (LON:BUR) had its price objective boosted by equities research analysts at Liberum Capital from GBX 2,470 ($32.27) to GBX 2,600 ($33.97) in a research note issued on Friday, ThisIsMoney.Co.Uk reports. The firm presently has a “buy” rating on the stock. Liberum Capital’s price target indicates a potential upside of 68.94% from the company’s current price.
Several other equities analysts have also recently issued reports on the stock. Canaccord Genuity upped their price target on shares of TELUS from C$51.00 to C$52.00 in a research report on Wednesday, May 1st. Jefferies Financial Group increased their price objective on shares of Linde from $205.00 to $216.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Burford Capital presently has a consensus rating of “Buy” and an average target price of GBX 2,106 ($27.52).
Shares of LON BUR opened at GBX 1,539 ($20.11) on Friday. The company has a debt-to-equity ratio of 46.85, a quick ratio of 2.81 and a current ratio of 2.83. Burford Capital has a 52-week low of GBX 1,288 ($16.83) and a 52-week high of GBX 2,075 ($27.11). The company has a 50 day simple moving average of GBX 1,565.06. The firm has a market cap of $3.37 billion and a PE ratio of 10.24.
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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