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

Burford Capital Limited (LON:BUR) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 562.40 and traded as low as GBX 317. Burford Capital shares last traded at GBX 317.80, with a volume of 276,051 shares changing hands.

Wall Street Analysts Forecast Growth

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

Burford Capital Stock Performance

The company has a debt-to-equity ratio of 87.46, a current ratio of 1.57 and a quick ratio of 8.01. The firm has a market capitalization of £723.67 million, a price-to-earnings ratio of -0.45, a PEG ratio of 1.09 and a beta of 1.08. The firm’s fifty day moving average is GBX 346.91 and its 200 day moving average is GBX 558.48.

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.