Burford Capital (LON:BUR) Stock Passes Below 200-Day Moving Average – Time to Sell?

Shares of Burford Capital Limited (LON:BUR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 796.05 and traded as low as GBX 686.25. Burford Capital shares last traded at GBX 710.50, with a volume of 823,986 shares trading hands.

Analyst Upgrades and Downgrades

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

Burford Capital Price Performance

The firm has a market capitalization of £1.56 billion, a PE ratio of 17.76, a PEG ratio of 1.09 and a beta of 0.94. The firm’s fifty day simple moving average is GBX 690.98 and its 200-day simple moving average is GBX 796.05. The company has a quick ratio of 8.01, a current ratio of 15.07 and a debt-to-equity ratio of 77.74.

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.