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Burford Capital ( (GB:BUR) ) has provided an update.
Burford Capital announced the pricing and upsizing of its private offering of $500 million in senior notes due 2033, with a 7.50% interest rate. The proceeds will be used to repay existing bonds and for general corporate purposes, enhancing Burford’s financial flexibility and potentially impacting its debt management strategy.
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 stock score reflects a combination of solid balance sheet health and positive earnings call insights, which are tempered by technical analysis indicators showing mixed signals. Corporate events further support stability, while valuation metrics remain 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 specializing in 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, serving companies and law firms worldwide through its global network of offices.
Average Trading Volume: 446,332
Technical Sentiment Signal: Buy
Current Market Cap: £2.22B
For an in-depth examination of BUR stock, go to TipRanks’ Overview page.