Burford Capital to Acquire Shares for Director Awards

Burford Capital ( (GB:BUR) ) just unveiled an announcement.

Burford Capital has announced its intention to purchase its ordinary shares on the London Stock Exchange to fulfill awards granted to its non-employee directors under the 2021 Non-Employee Directors’ Share Plan. This strategic move, involving the acquisition of 29,227 shares valued at approximately £274,000, is expected to reinforce Burford’s commitment to its directors and could potentially impact its market positioning by demonstrating confidence in its financial stability.

The most recent analyst rating on (GB:BUR) stock is a Buy with a £18.00 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 with a focus on law. The company provides services in litigation finance, risk management, asset recovery, and various legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange and the London Stock Exchange, and operates globally through its network of offices, collaborating with companies and law firms worldwide.

Average Trading Volume: 350,551

Technical Sentiment Signal: Sell

Current Market Cap: £2.09B

See more data about BUR stock on TipRanks’ Stock Analysis page.