Burford Capital Updates on US Budget Bill Impact

Burford Capital ( (GB:BUR) ) has shared an announcement.

Burford Capital has issued an update regarding the US Senate’s budget reconciliation bill, which includes tax provisions affecting litigation finance. Recent revisions to the bill have reduced the proposed tax rate to 31.8% and the withholding tax rate to 15.9% of gains. These changes have led the Joint Committee on Taxation to lower its revenue estimates from these provisions to $1.4 billion over the next decade. Despite these developments, the bill’s future remains uncertain, and Burford is unable to determine the potential impact on its tax position if the provisions are enacted.

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 stock score reflects a combination of strong earnings call outcomes and low valuation, offset by mixed financial performance and weak technical indicators. The company’s strategic growth initiatives and robust cash generation are positive, but operational challenges remain.

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 specializing in law. The company’s operations include litigation finance, risk management, asset recovery, and a broad range of legal finance and advisory services. Burford is publicly traded on both the New York Stock Exchange and the London Stock Exchange and collaborates with companies and law firms worldwide through its extensive network of offices.

Average Trading Volume: 412,902

Technical Sentiment Signal: Sell

Current Market Cap: £1.88B

For detailed information about BUR stock, go to TipRanks’ Stock Analysis page.