Burford Capital (LON:BUR) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Burford Capital Limited (LON:BUR) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 517.27 and traded as low as GBX 295.60. Burford Capital shares last traded at GBX 295.60, with a volume of 495,978 shares traded.

Wall Street Analyst Weigh In

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

Burford Capital Stock Performance

The company has a 50-day simple moving average of GBX 340.05 and a two-hundred day simple moving average of GBX 517.27. The company has a debt-to-equity ratio of 87.46, a quick ratio of 8.01 and a current ratio of 1.57. The firm has a market capitalization of £647.57 million, a P/E ratio of -0.40, a PEG ratio of 1.09 and a beta of 1.06.

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.