Burford Capital (LON:BUR) Price Target Lowered to GBX 500 at Berenberg Bank

Burford Capital (LON:BUR) had its price target trimmed by Berenberg Bank from GBX 1,600 to GBX 500 in a report published on Monday morning,London Stock Exchange reports. The firm currently has a buy rating on the stock.

Burford Capital Stock Down 6.7%

LON:BUR opened at GBX 316.20 on Monday. The company has a market cap of £692.15 million, a PE ratio of 11.29, a PEG ratio of 1.09 and a beta of 1.02. Burford Capital has a 52-week low of GBX 289.20 and a 52-week high of GBX 1,113. The stock has a 50-day simple moving average of GBX 644.93 and a 200 day simple moving average of GBX 717.07. The company has a debt-to-equity ratio of 87.46, a quick ratio of 8.01 and a current ratio of 1.57.

About Burford Capital

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.