Burford Capital (LON:BUR) Stock Passes Below Two Hundred Day Moving Average – Here’s Why
by Jessica Moore · The Cerbat GemBurford Capital Limited (LON:BUR – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 629.40 and traded as low as GBX 356.40. Burford Capital shares last traded at GBX 378, with a volume of 10,307,752 shares traded.
Analyst Ratings Changes
Separately, Berenberg Bank dropped their price target on shares of Burford Capital from GBX 1,600 to GBX 500 and set a “buy” rating on the stock in a research report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 500.
Check Out Our Latest Analysis on BUR
Burford Capital Price Performance
The company has a market capitalization of £827.43 million, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24. The company’s 50-day moving average price is GBX 479.56 and its two-hundred day moving average price is GBX 627.94. The company has a debt-to-equity ratio of 87.46, a current ratio of 1.57 and a quick ratio of 8.01.
About Burford Capital
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.