Burford Capital (LON:BUR) Hits New 52-Week Low – Here’s What Happened

Shares of Burford Capital Limited (LON:BUR) reached a new 52-week low during mid-day trading on Saturday. The stock traded as low as GBX 265.60 and last traded at GBX 268.40, with a volume of 243317 shares changing hands. The stock had previously closed at GBX 288.80.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 450 price target on shares of Burford Capital in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Burford Capital has an average rating of “Buy” and a consensus price target of GBX 450.

Burford Capital Stock Performance

The firm has a 50 day simple moving average of GBX 310.82 and a 200 day simple moving average of GBX 339.71. The company has a current ratio of 3.20, a quick ratio of 8.01 and a debt-to-equity ratio of 294.89. The firm has a market capitalization of £589.37 million, a PE ratio of -0.35, a P/E/G ratio of 1.09 and a beta of 1.06.

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.