Burford Capital (LON:BUR) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Burford Capital Limited (LON:BUR) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 336.26 and traded as low as GBX 319.80. Burford Capital shares last traded at GBX 321, with a volume of 51,786 shares traded.

Wall Street Analysts Forecast Growth

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

Burford Capital Price Performance

The company has a current ratio of 1.57, a quick ratio of 8.01 and a debt-to-equity ratio of 87.46. The business has a 50-day moving average of GBX 334.81 and a 200 day moving average of GBX 496.64. The firm has a market capitalization of £690.07 million, a PE ratio of -0.43, a price-to-earnings-growth ratio of 1.09 and a beta of 1.08.

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.