Burford Capital (LON:BUR) Shares Down 9.7% – Here’s What Happened

Burford Capital Limited (LON:BUR) shares were down 9.7% during mid-day trading on Thursday . The company traded as low as GBX 600.50 and last traded at GBX 631.01. Approximately 259,682 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 209,674 shares. The stock had previously closed at GBX 698.50.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,600 price objective on shares of Burford Capital in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Burford Capital presently has a consensus rating of “Buy” and a consensus target price of GBX 1,600.

Burford Capital Stock Down 10.5%

The company has a quick ratio of 8.01, a current ratio of 15.07 and a debt-to-equity ratio of 77.74. The company has a market capitalization of £1.37 billion, a PE ratio of 15.64, a PEG ratio of 1.09 and a beta of 0.94. The company’s 50 day moving average is GBX 693.78 and its two-hundred day moving average is GBX 786.36.

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.