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

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 841.46 and traded as low as GBX 710.50. Burford Capital shares last traded at GBX 743, with a volume of 570,146 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,600 target price on shares of Burford Capital in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 1,600.

Burford Capital Price Performance

The stock has a market cap of £1.59 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.09 and a beta of 0.94. The company’s 50 day moving average is GBX 686.94 and its 200 day moving average is GBX 841.46. The company has a debt-to-equity ratio of 77.74, a current ratio of 15.07 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.