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

Burford Capital Limited (LON:BUR) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 594.34 and traded as low as GBX 332.80. Burford Capital shares last traded at GBX 333.60, with a volume of 369,395 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank decreased their target price on shares of Burford Capital from GBX 500 to GBX 450 and set a “buy” rating on the stock in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 450.

Burford Capital Price Performance

The company has a 50 day moving average price of GBX 410.17 and a 200 day moving average price of GBX 587.92. The firm has a market cap of £723.24 million, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 8.01 and a debt-to-equity ratio of 87.46.

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.