Burford Capital Limited (NYSE:BUR) Receives $18.00 Consensus PT from Brokerages

Burford Capital Limited (NYSE:BUR) has been given an average recommendation of “Hold” by the five analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $16.00.

Several brokerages have recently commented on BUR. Wedbush assumed coverage on shares of Burford Capital in a research report on Friday. They set an “outperform” rating and a $14.00 price target on the stock. B. Riley Financial reissued a “buy” rating and set a $18.00 price target (down from $20.00) on shares of Burford Capital in a research report on Tuesday, November 11th. Wall Street Zen downgraded shares of Burford Capital from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Bank of America started coverage on Burford Capital in a research report on Wednesday. They set a “buy” rating on the stock. Finally, Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th.

Burford Capital Trading Down 1.2%

NYSE BUR opened at $9.64 on Wednesday. Burford Capital has a 12 month low of $8.19 and a 12 month high of $15.73. The company has a debt-to-equity ratio of 0.67, a current ratio of 14.99 and a quick ratio of 14.99. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 0.16 and a beta of 0.58. The company’s fifty day moving average price is $9.37 and its two-hundred day moving average price is $10.65.

Hedge Funds Weigh In On Burford Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vident Advisory LLC increased its holdings in shares of Burford Capital by 4.8% in the 3rd quarter. Vident Advisory LLC now owns 33,158 shares of the company’s stock worth $397,000 after acquiring an additional 1,514 shares during the period. Principal Financial Group Inc. boosted its stake in Burford Capital by 11.4% during the 3rd quarter. Principal Financial Group Inc. now owns 15,003 shares of the company’s stock valued at $179,000 after purchasing an additional 1,538 shares during the period. GWN Securities Inc. grew its position in Burford Capital by 15.3% in the 4th quarter. GWN Securities Inc. now owns 12,697 shares of the company’s stock worth $113,000 after purchasing an additional 1,687 shares during the last quarter. CWM LLC increased its stake in shares of Burford Capital by 131.3% in the second quarter. CWM LLC now owns 3,625 shares of the company’s stock valued at $52,000 after purchasing an additional 2,058 shares during the period. Finally, Allegheny Financial Group raised its holdings in shares of Burford Capital by 17.7% during the fourth quarter. Allegheny Financial Group now owns 14,787 shares of the company’s stock valued at $132,000 after buying an additional 2,227 shares during the last quarter.

Burford Capital Company Profile

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.