The stock of Burford Capital Limited (LON:BUR) reached all time high today, Nov, 17 and still has GBX 720.00 target or 44.00% above today’s GBX 500.00 share price. This indicates more upside for the GBX 1.03 billion company. This technical setup was reported by Barchart.com. If the GBX 720.00 PT is reached, the company will be worth GBX 453.20 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.01% or GBX 5 on November 17, hitting GBX 500. About 1.02 million shares traded hands or 132.44% up from the average. Burford Capital Limited (LON:BUR) has risen 76.06% since April 21, 2016 and is uptrending. It has outperformed by 71.43% the S&P500.
Burford Capital Limited (LON:BUR) Ratings Coverage
Out of 3 analysts covering Burford Capital Ltd (LON:BUR), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 344 is the highest target while GBX 237 is the lowest. The GBX 290.50 average target is -41.90% below today’s (GBX 500) stock price. Burford Capital Ltd has been the topic of 4 analyst reports since January 4, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, January 4 by N+1 Singer. As per Wednesday, September 21, the company rating was maintained by N+1 Singer. Macquarie Research maintained Burford Capital Limited (LON:BUR) on Tuesday, May 24 with “Outperform” rating.
More news for Burford Capital Limited (LON:BUR) were recently published by: Businesswire.com, which released: “Burford Capital Provides $45 Million in Litigation Financing to FTSE 20 Company” on January 06, 2016. Fool.Co.Uk‘s article titled: “Can Red-Hot AIM Stocks Plus500 Ltd, Pantheon Resources Plc & Burford Capital …” and published on April 18, 2016 is yet another important article.
Burford Capital Limited is a global finance company. The company has a market cap of 1.03 billion GBP. The Firm provides a range of investment capital, financing and risk solutions. It has a 19.75 P/E ratio. The Company’s divisions are provision of litigation investment, including reflecting litigation and arbitration-related investment activities anywhere in the world; provision of litigation insurance reflecting the United Kingdom and Channel Islands litigation insurance activities, and exploration of new initiatives related to application of capital to the litigation and arbitration sector.
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