Burford Capital (LON:BUR) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Burford Capital Limited (LON:BUR) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 283.77 and traded as high as GBX 290. Burford Capital shares last traded at GBX 283.80, with a volume of 9,639,894 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 450 price target on shares of Burford Capital in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 450.

Burford Capital Trading Down 0.9%

The business has a fifty day moving average price of GBX 283.77 and a two-hundred day moving average price of GBX 398.97. 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 capitalization of £613.13 million, a PE ratio of -0.36, a PEG 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.