Burford Capital (LON:BUR) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Burford Capital Limited (LON:BURGet Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 562.40 and traded as low as GBX 317. Burford Capital shares last traded at GBX 317.80, with a volume of 276,051 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price objective on Burford Capital from GBX 500 to GBX 450 and set a “buy” rating on the stock in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 450.

Read Our Latest Analysis on Burford Capital

Burford Capital Price Performance

The business has a 50-day simple moving average of GBX 357.08 and a two-hundred day simple moving average of GBX 562.40. The stock has a market capitalization of £695.65 million, a P/E ratio of 11.35, a PEG ratio of 1.09 and a beta of 1.08. The company has a quick ratio of 8.01, a current ratio of 1.57 and a debt-to-equity ratio of 87.46.

Burford Capital Company Profile

(Get Free Report)

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.

Further Reading

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