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

Key Points

• Berenberg Bank cut Burford Capital's price target from GBX 1,600 to GBX 500 but maintained a buy rating, with the new target implying roughly a 58% upside from the prior close.
• Shares traded down to GBX 316.20 (‑GBX 22.80) on unusually heavy volume of 3.32 million shares versus an average of 516,193, indicating strong market activity around the stock.
• Burford has a market capitalization of about £692.2m, a P/E of 11.29 and a wide 52‑week range (GBX 289.20–1,113), highlighting substantial share‑price volatility alongside a debt‑to‑equity ratio of 87.46.

Burford Capital (LON:BUR - Get Free Report) had its price objective reduced by equities researchers at Berenberg Bank from GBX 1,600 to GBX 500 in a research note issued on Monday,London Stock Exchange reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's target price suggests a potential upside of 58.13% from the stock's previous close.

Burford Capital Stock Performance

Shares of LON BUR traded down GBX 22.80 during mid-day trading on Monday, reaching GBX 316.20. 3,323,839 shares of the company's stock were exchanged, compared to its average volume of 516,193. The firm has a 50-day moving average price of GBX 652.45 and a two-hundred day moving average price of GBX 721.53. The company has a debt-to-equity ratio of 87.46, a current ratio of 1.57 and a quick ratio of 8.01. The firm has a market capitalization of £692.15 million, a price-to-earnings ratio of 11.29, a price-to-earnings-growth 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.

Burford Capital Company Profile

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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