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

Burford Capital Limited (LON:BUR) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 808.84 and traded as low as GBX 646.50. Burford Capital shares last traded at GBX 655.50, with a volume of 117,280 shares.

Analyst Upgrades and Downgrades

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

Burford Capital Stock Down 1.4%

The company has a market cap of £1.43 billion, a P/E ratio of 16.39, a PEG ratio of 1.09 and a beta of 0.94. The company has a debt-to-equity ratio of 77.74, a current ratio of 15.07 and a quick ratio of 8.01. The business’s 50 day moving average price is GBX 692.27 and its 200-day moving average price is GBX 808.84.

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.