Burford Capital (LON:BUR) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Burford Capital Limited (LON:BUR)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 471.12 and traded as low as GBX 296.80. Burford Capital shares last traded at GBX 301.60, with a volume of 187,817 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their target price on Burford Capital from GBX 500 to GBX 450 and set a “buy” rating for the company in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 450.

Burford Capital Price Performance

The stock has a market capitalization of £674.73 million, a P/E ratio of -0.42, a price-to-earnings-growth ratio of 1.09 and a beta of 1.08. The company has a debt-to-equity ratio of 87.46, a current ratio of 1.57 and a quick ratio of 8.01. The business’s 50 day moving average price is GBX 323.78 and its 200 day moving average price is GBX 471.12.

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.