Burford Capital (LON:BUR) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Burford Capital Limited (LON:BUR) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 364.28 and traded as low as GBX 289.20. Burford Capital shares last traded at GBX 303.80, with a volume of 280,482 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 450 price objective on shares of Burford Capital in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 450.

Burford Capital Stock Down 2.0%

The firm has a market cap of £653.48 million, a PE ratio of -0.39, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06. The company has a 50-day simple moving average of GBX 314.83 and a 200-day simple moving average of GBX 363.81. The company has a debt-to-equity ratio of 294.89, a current ratio of 3.20 and a quick ratio of 8.01.

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.