Burford Capital (LON:BUR) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Burford Capital Limited (LON:BURGet Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 629.40 and traded as low as GBX 356.40. Burford Capital shares last traded at GBX 378, with a volume of 10,307,752 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their price objective on Burford Capital from GBX 1,600 to GBX 500 and set a “buy” rating on the stock in a research note on Monday, March 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Burford Capital currently has an average rating of “Buy” and a consensus price target of GBX 500.

Get Our Latest Research Report on BUR

Burford Capital Price Performance

The company has a market capitalization of £827.43 million, a price-to-earnings ratio of 13.50, a P/E/G ratio of 1.09 and a beta of 1.24. The company has a debt-to-equity ratio of 87.46, a quick ratio of 8.01 and a current ratio of 1.57. The business has a 50 day moving average price of GBX 479.56 and a 200-day moving average price of GBX 629.40.

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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