Burford Capital (LON:BUR) Stock Passes Below 50 Day Moving Average – Here’s Why

Burford Capital Limited (LON:BURGet Free Report)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 336.26 and traded as low as GBX 319.80. Burford Capital shares last traded at GBX 321, with a volume of 51,786 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their target price on 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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 450.

Check Out Our Latest Report on BUR

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’s fifty day moving average is GBX 336.26 and its 200 day moving average is GBX 502. The company has a market cap of £694.89 million, a P/E ratio of -0.43, a price-to-earnings-growth ratio of 1.09 and a beta of 1.08.

About Burford Capital

(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.

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