Burford Capital (LON:BUR) Sets New 1-Year Low – Time to Sell?

Shares of Burford Capital Limited (LON:BUR) hit a new 52-week low on Friday. The company traded as low as GBX 249.20 and last traded at GBX 249.20, with a volume of 167,680 shares traded. The stock had previously closed at GBX 270.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 450 target price on shares of Burford Capital in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 450.

Burford Capital Stock Performance

The company’s 50-day simple moving average is GBX 305.74 and its 200-day simple moving average is GBX 329.51. The stock has a market capitalization of £584.13 million, a price-to-earnings ratio of -0.35, a PEG ratio of 1.09 and a beta of 1.06. The company has a current ratio of 3.20, a quick ratio of 8.01 and a debt-to-equity ratio of 294.89.

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.