Burford Capital Limited (NYSE:BUR) Stock Has Consensus Target Price of $8.88 According to Analysts

Burford Capital Limited (NYSE:BUR) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $8.88.

BUR has been the subject of a number of analyst reports. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Wedbush initiated coverage on shares of Burford Capital in a research report on Thursday, October 22nd. They set a “neutral” rating and a $3.65 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Burford Capital in a research note on Friday, August 7th. Finally, Wall Street Zen raised Burford Capital from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th.

Burford Capital Stock Performance

NYSE:BUR opened at $3.40 on Monday. The company has a market cap of $746.57 million, a P/E ratio of -0.44 and a beta of 1.29. Burford Capital has a twelve month low of $2.86 and a twelve month high of $10.10. The business has a 50 day moving average price of $3.81 and a two-hundred day moving average price of $5.42. The company has a quick ratio of 9.56, a current ratio of 9.56 and a debt-to-equity ratio of 1.64.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). During the same quarter in the prior year, the business posted $0.39 EPS. As a group, analysts expect that Burford Capital will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BUR. XP Advisory US Inc. bought a new stake in Burford Capital during the second quarter worth $31,000. Sequoia Financial Advisors LLC bought a new position in shares of Burford Capital in the 2nd quarter valued at about $44,000. Waverly Advisors LLC bought a new position in shares of Burford Capital in the 2nd quarter valued at about $46,000. Allworth Financial LP increased its stake in shares of Burford Capital by 1,747.4% during the 2nd quarter. Allworth Financial LP now owns 11,306 shares of the company’s stock worth $46,000 after purchasing an additional 10,694 shares during the last quarter. Finally, VestGen Advisors LLC acquired a new position in shares of Burford Capital during the 3rd quarter worth about $46,000.

About Burford Capital

Burford Capital Limited (NYSE: BUR) is a global legal finance and asset management firm. The company provides capital to businesses and law firms involved in commercial litigation and arbitration, allowing clients to finance legal expenses, manage risk, or access the potential value of legal claims and judgments without relying solely on their balance sheets.

Its services include single-case and portfolio litigation finance, post-settlement and judgment monetization, legal asset management, and corporate legal finance.