Burford Capital (LON:BUR) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Burford Capital Limited (LON:BURGet Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,037.72 ($14.17) and traded as low as GBX 938.50 ($12.82). Burford Capital shares last traded at GBX 949.50 ($12.97), with a volume of 354,188 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,600 ($21.85) price target on shares of Burford Capital in a research report on Thursday, May 8th.

Check Out Our Latest Research Report on BUR

Burford Capital Trading Up 5.0%

The business’s 50-day moving average price is GBX 962.64 and its two-hundred day moving average price is GBX 1,037.12. The company has a market capitalization of £2.74 billion, a P/E ratio of 17.84, a PEG ratio of 1.09 and a beta of 0.94. The company has a debt-to-equity ratio of 77.74, a current ratio of 15.07 and a quick ratio of 8.01.

About Burford Capital

(Get Free Report)

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 it works with companies and law firms around the world from its offices in New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney and Hong Kong.

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