Burford Capital (LON:BUR) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Burford Capital Limited (LON:BURGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 471.12 and traded as low as GBX 296.80. Burford Capital shares last traded at GBX 301.60, with a volume of 187,817 shares.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 450.

Read Our Latest Research Report on BUR

Burford Capital Stock Performance

The stock has a 50 day moving average price of GBX 323.36 and a two-hundred day moving average price of GBX 470.11. The company has a debt-to-equity ratio of 87.46, a current ratio of 1.57 and a quick ratio of 8.01. The company has a market capitalization of £715.92 million, a price-to-earnings ratio of -0.45, a price-to-earnings-growth ratio of 1.09 and a beta of 1.08.

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

Receive News & Ratings for Burford Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burford Capital and related companies with MarketBeat.com's FREE daily email newsletter.