Burford Capital (LON:BUR) Stock Passes Below 200-Day Moving Average – What’s Next?

Burford Capital Limited (LON:BUR)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 879.10 and traded as low as GBX 683. Burford Capital shares last traded at GBX 698, with a volume of 112,198 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,600 price objective on shares of Burford Capital in a report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 1,600.

Burford Capital Trading Down 0.6%

The company has a quick ratio of 8.01, a current ratio of 15.07 and a debt-to-equity ratio of 77.74. The stock has a market capitalization of £1.52 billion, a P/E ratio of 17.34, a PEG ratio of 1.09 and a beta of 0.94. The firm’s 50-day simple moving average is GBX 725.75 and its 200 day simple moving average is GBX 879.10.

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.