Burford Capital Responds to US Senate’s Proposed Tax Changes on Litigation Finance

The latest announcement is out from Burford Capital ( (GB:BUR) ).

Burford Capital has issued a statement regarding the proposed tax provisions in the US Senate’s draft of the budget reconciliation bill, which includes a provision to increase the statutory tax rate on litigation finance transactions. The company expressed concerns about the potential impact of these provisions on its operations and the broader industry, emphasizing the importance of litigation finance in supporting business growth and innovation. The outcome of the bill remains uncertain as it requires further negotiation between the House and Senate, with political uncertainties surrounding its final contents.

The most recent analyst rating on (GB:BUR) stock is a Buy with a £22.50 price target. To see the full list of analyst forecasts on Burford Capital stock, see the GB:BUR Stock Forecast page.

Spark’s Take on GB:BUR Stock

According to Spark, TipRanks’ AI Analyst, GB:BUR is a Neutral.

Burford Capital’s overall score reflects a solid balance sheet with no debt and improved cash flow management. The positive earnings call and supportive corporate events provide an optimistic outlook. However, operational challenges and declining profitability weigh against the stock, keeping the score moderate.

To see Spark’s full report on GB:BUR stock, click here.

More about Burford Capital

Burford Capital is a leading global finance and asset management firm focused on law. Its services include litigation finance, risk management, asset recovery, and a range of legal finance and advisory activities. The company is publicly traded on the New York Stock Exchange and the London Stock Exchange, and operates through a global network of offices, collaborating with companies and law firms worldwide.

Average Trading Volume: 384,378

Technical Sentiment Signal: Sell

Current Market Cap: £2.02B

Find detailed analytics on BUR stock on TipRanks’ Stock Analysis page.