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

Burford Capital Limited (NYSE:BUR) has received an average rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $9.3333.

A number of equities research analysts have issued reports on BUR shares. Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Wedbush boosted their price target on shares of Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Wall Street Zen lowered Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. B. Riley Financial reiterated a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Finally, Weiss Ratings lowered Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th.

Institutional Investors Weigh In On Burford Capital

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its position in shares of Burford Capital by 1,687.7% during the fourth quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock worth $26,000 after buying an additional 2,751 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Burford Capital during the fourth quarter worth approximately $53,000. Strs Ohio acquired a new stake in Burford Capital in the first quarter valued at approximately $55,000. Insigneo Advisory Services LLC acquired a new stake in Burford Capital in the fourth quarter valued at approximately $93,000. Finally, Equitable Holdings Inc. purchased a new position in Burford Capital in the fourth quarter worth approximately $94,000.

Burford Capital Price Performance

BUR opened at $4.01 on Friday. The stock’s 50-day moving average price is $4.35 and its 200 day moving average price is $6.44. Burford Capital has a 12-month low of $3.59 and a 12-month high of $14.23. The company has a current ratio of 13.72, a quick ratio of 13.72 and a debt-to-equity ratio of 1.59. The firm has a market cap of $879.57 million, a price-to-earnings ratio of -0.55, a PEG ratio of 0.05 and a beta of 1.26.

About Burford Capital

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.