Burford Capital (LON:BUR) Hits New 12-Month Low – Time to Sell?

Burford Capital Limited (LON:BUR) shares hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as GBX 235 and last traded at GBX 249.20, with a volume of 1,472,552 shares changing hands. The stock had previously closed at GBX 252.80.

Analyst Ratings Changes

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

Burford Capital Price Performance

The company has a debt-to-equity ratio of 294.89, a quick ratio of 8.01 and a current ratio of 3.20. The company has a 50-day moving average price of GBX 299.46 and a 200-day moving average price of GBX 319.59. The firm has a market capitalization of £530.54 million, a P/E ratio of -0.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06.

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.