Burford Capital’s (BUR) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Burford Capital (LON:BUR) in a report released on Friday morning, Marketbeat Ratings reports. They currently have a GBX 1,600 ($20.64) price objective on the stock.

Burford Capital Price Performance

BUR stock opened at GBX 908.50 ($11.72) on Friday. The stock has a market cap of £2.50 billion, a PE ratio of 16.25, a P/E/G ratio of 1.09 and a beta of 0.94. Burford Capital has a 12 month low of GBX 800 ($10.32) and a 12 month high of GBX 1,349 ($17.40). The company has a 50-day moving average price of GBX 1,115.40 and a 200 day moving average price of GBX 1,069.89. The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 77.74.

Burford Capital Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a dividend yield of 0.45%. Burford Capital’s dividend payout ratio is 17.89%.

About Burford Capital

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 it works with companies and law firms around the world from its offices in New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney and Hong Kong.