Burford Capital (LON:BUR) Stock Price 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 Friday . The stock has a two hundred day moving average of GBX 867.45 and traded as low as GBX 666.42. Burford Capital shares last traded at GBX 674, with a volume of 36,190 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,600 price objective on shares of Burford Capital in a research note on Wednesday, November 5th. One equities 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 1,600.

Burford Capital Stock Up 0.2%

The company has a market capitalization of £1.48 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.09 and a beta of 0.94. The company has a quick ratio of 8.01, a current ratio of 15.07 and a debt-to-equity ratio of 77.74. The firm has a fifty day simple moving average of GBX 707.07 and a 200-day simple moving average of GBX 866.67.

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.