Burford Capital (LON:BUR) Share Price Passes Below 200 Day Moving Average – Here’s Why

Burford Capital Limited (LON:BUR) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 879.10 and traded as low as GBX 683. Burford Capital shares last traded at GBX 698, with a volume of 112,198 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,600 target price on shares of Burford Capital in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Burford Capital presently has a consensus rating of “Buy” and an average target price of GBX 1,600.

Burford Capital Price Performance

The company has a debt-to-equity ratio of 77.74, a current ratio of 15.07 and a quick ratio of 8.01. The firm has a market cap of £1.52 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94. The stock’s fifty day moving average price is GBX 725.75 and its 200-day moving average price is GBX 879.10.

About Burford Capital

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.