Burford Capital (LON:BUR) Shares Down 7.1% – Here’s What Happened

Burford Capital Limited (LON:BUR – Get Free Report)’s stock price traded down 7.1% during mid-day trading on Friday. The company traded as low as GBX 265.60 and last traded at GBX 268.40. 243,317 shares were traded during mid-day trading, a decline of 68% from the average session volume of 767,633 shares. The stock had previously closed at GBX 288.80.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 450 price target on shares of Burford Capital in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Burford Capital presently has a consensus rating of “Buy” and an average price target of GBX 450.

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Burford Capital Price Performance

The company’s fifty day moving average price is GBX 311.99 and its two-hundred day moving average price is GBX 341.99. The company has a quick ratio of 8.01, a current ratio of 3.20 and a debt-to-equity ratio of 294.89. The company has a market cap of £589.37 million, a price-to-earnings ratio of -0.35, a PEG ratio of 1.09 and a beta of 1.06.

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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