Burford Capital (LON:BUR) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Burford Capital (LON:BUR - Free Report) in a report issued on Tuesday morning, Marketbeat.com reports. The brokerage currently has a GBX 1,600 ($20.10) target price on the stock.

Burford Capital Stock Down 4.5 %

BUR stock traded down GBX 53 ($0.67) during trading on Tuesday, hitting GBX 1,123 ($14.10). 330,990 shares of the company's stock traded hands, compared to its average volume of 212,763. The business has a fifty day simple moving average of GBX 1,210.33 and a two-hundred day simple moving average of GBX 1,159.56. The company has a quick ratio of 8.01, a current ratio of 4.41 and a debt-to-equity ratio of 48.34. The firm has a market capitalization of £2.46 billion, a P/E ratio of 512.79, a PEG ratio of 1.09 and a beta of 1.03. Burford Capital has a 1 year low of GBX 900 ($11.30) and a 1 year high of GBX 1,388 ($17.43).

Burford Capital Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 23rd will be paid a dividend of $0.06 per share. This represents a dividend yield of 0.44%. The ex-dividend date is Thursday, May 23rd. Burford Capital's dividend payout ratio (DPR) is currently 456.62%.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.