Burford Capital (LON:BUR) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Burford Capital Limited (LON:BUR)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 395.53 and traded as low as GBX 302. Burford Capital shares last traded at GBX 311.80, with a volume of 408,931 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 450 price objective on shares of Burford Capital in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Burford Capital has an average rating of “Buy” and a consensus price target of GBX 450.

Burford Capital Stock Performance

The stock’s 50 day moving average price is GBX 314.79 and its 200 day moving average price is GBX 392.93. The company has a current ratio of 3.20, a quick ratio of 8.01 and a debt-to-equity ratio of 294.89. The firm has a market cap of £695.76 million, a PE ratio of -0.43, a P/E/G ratio of 1.09 and a beta of 1.06.

Burford Capital Company Profile

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.