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

Burford Capital Limited (LON:BUR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 548.95 and traded as low as GBX 310.20. Burford Capital shares last traded at GBX 311.20, with a volume of 212,118 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut 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 note on Monday, May 11th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Burford Capital has an average rating of “Buy” and an average target price of GBX 450.

Burford Capital Stock Performance

The company has a current ratio of 1.57, a quick ratio of 8.01 and a debt-to-equity ratio of 87.46. The company has a market cap of £681.74 million, a price-to-earnings ratio of -0.43, a PEG ratio of 1.09 and a beta of 1.08. The business’s 50 day moving average price is GBX 341.79 and its 200-day moving average price is GBX 548.95.

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.