Burford Capital (LON:BUR) Shares Cross Below 200 Day Moving Average – Time to Sell?

Burford Capital Limited (LON:BUR) shares crossed 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.

Analyst Ratings Changes

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

Burford Capital Trading Down 6.0%

The company has a 50-day moving average price of GBX 420.84 and a 200-day moving average price of GBX 594.34. The firm has a market capitalization of £715.79 million, a price-to-earnings ratio of 11.68, a PEG ratio of 1.09 and a beta of 1.24. The company has a debt-to-equity ratio of 87.46, a quick ratio of 8.01 and a current ratio of 1.57.

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.