Burford Capital (LON:BUR) Stock Falls 7.7% – Should You Sell?

Burford Capital Limited (LON:BUR) dropped 7.7% during trading on Monday. The company traded as low as GBX 215.80 and last traded at GBX 223. Approximately 783,616 shares were traded during trading, an increase of 6% from the average daily volume of 737,073 shares. The stock had previously closed at GBX 241.60.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 450 target price 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 MarketBeat, Burford Capital has an average rating of “Buy” and a consensus target price of GBX 450.

Burford Capital Stock Down 7.7%

The firm has a 50-day moving average of GBX 299.46 and a two-hundred day moving average of GBX 319.61. The company has a current ratio of 3.20, a quick ratio of 8.01 and a debt-to-equity ratio of 294.89. The firm has a market capitalization of £489.70 million, a PE ratio of -0.29, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06.

Burford Capital Company Profile

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.