Burford Capital (LON:BUR) Sets New 1-Year Low – Time to Sell?

Shares of Burford Capital Limited (LON:BUR) reached a new 52-week low on Monday . The company traded as low as GBX 636.50 and last traded at GBX 636.50, with a volume of 282229 shares changing hands. The stock had previously closed at GBX 655.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,600 price objective on shares of Burford Capital in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 1,600.

Burford Capital Stock Performance

The firm’s 50-day simple moving average is GBX 823.91 and its 200-day simple moving average is GBX 927.63. The company has a market capitalization of £1.42 billion, a PE ratio of 6.02, a PEG ratio of 1.09 and a beta of 0.94. The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 77.74.

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.