Burford Capital (LON:BUR) Stock Passes Below 200 Day Moving Average – Should You Sell?

Burford Capital Limited (LON:BUR)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 379.43 and traded as low as GBX 319.60. Burford Capital shares last traded at GBX 319.60, with a volume of 182,136 shares traded.

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 note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Burford Capital currently has a consensus rating of “Buy” and a consensus target price of GBX 450.

Burford Capital Price Performance

The business’s 50-day moving average price is GBX 315.84 and its 200 day moving average price is GBX 376.32. The company has a market capitalization of £708.38 million, a P/E ratio of -0.42, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06. The company has a quick ratio of 8.01, a current ratio of 3.20 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.