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

Burford Capital Limited (LON:BUR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 548.95 and traded as low as GBX 310.20. Burford Capital shares last traded at GBX 311.20, with a volume of 212,118 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their target price on Burford Capital from GBX 500 to GBX 450 and set a “buy” rating for the company in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 450.

Burford Capital Stock Performance

The stock has a market capitalization of £714.16 million, a P/E ratio of -0.45, a price-to-earnings-growth ratio of 1.09 and a beta of 1.08. The company has a 50 day simple moving average of GBX 341.47 and a 200-day simple moving average of GBX 547.39. The company has a debt-to-equity ratio of 87.46, a current ratio of 1.57 and a quick ratio of 8.01.

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.