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

Burford Capital Limited (NYSE:BUR) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $9.3333.

BUR has been the topic of a number of recent analyst reports. Wedbush upped their target price on shares of Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. B. Riley Financial reissued a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Weiss Ratings lowered shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft cut shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective for the company. in a research report on Monday, May 11th. Finally, Wall Street Zen lowered Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th.

Burford Capital Stock Performance

NYSE BUR opened at $4.16 on Friday. The stock has a fifty day simple moving average of $4.31 and a 200-day simple moving average of $6.33. 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 stock has a market cap of $910.24 million, a PE ratio of -0.57, a P/E/G ratio of 0.05 and a beta of 1.26. Burford Capital has a twelve month low of $3.59 and a twelve month high of $14.14.

Hedge Funds Weigh In On Burford Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vident Advisory LLC increased its stake in Burford Capital by 4.8% during the third quarter. Vident Advisory LLC now owns 33,158 shares of the company’s stock worth $397,000 after purchasing an additional 1,514 shares during the period. GWN Securities Inc. raised 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 valued at $113,000 after purchasing an additional 1,687 shares in the last quarter. Allegheny Financial Group lifted its stake in Burford Capital by 17.7% in the fourth quarter. Allegheny Financial Group now owns 14,787 shares of the company’s stock worth $132,000 after acquiring an additional 2,227 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Burford Capital by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 36,783 shares of the company’s stock worth $328,000 after purchasing an additional 2,371 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in Burford Capital by 1.4% during the 3rd quarter. California State Teachers Retirement System now owns 187,646 shares of the company’s stock worth $2,244,000 after buying an additional 2,651 shares during the last quarter.

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.