Burford Capital (LON:BUR) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

by · The Markets Daily

Shares of Burford Capital Limited (LON:BUR – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 850.64 and traded as low as GBX 698. Burford Capital shares last traded at GBX 728.50, with a volume of 84,266 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,600 price target on shares of Burford Capital in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 1,600.

Read Our Latest Research Report on BUR

Burford Capital Price Performance

The company has a debt-to-equity ratio of 77.74, a current ratio of 15.07 and a quick ratio of 8.01. The firm has a market cap of £1.60 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 1.09 and a beta of 0.94. The stock has a 50-day moving average price of GBX 681.71 and a 200 day moving average price of GBX 850.64.

About Burford Capital

(Get Free Report)

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.

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