Burford Capital (LON:BUR) Stock Breaks Below 200 Day Moving Average – Here’s Why

Burford Capital Limited (LON:BUR)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 341.99 and traded as low as GBX 285.80. Burford Capital shares last traded at GBX 290, with a volume of 1,342,675 shares.

Wall Street Analyst Weigh In

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

Burford Capital Price Performance

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’s fifty day moving average is GBX 310.82 and its 200 day moving average is GBX 341.47. The stock has a market cap of £589.37 million, a PE ratio of -0.35, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06.

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.