Burford Capital (LON:BUR) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Burford Capital Limited (LON:BUR)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 517.27 and traded as low as GBX 295.60. Burford Capital shares last traded at GBX 295.60, with a volume of 495,978 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their target price on Burford Capital from GBX 500 to GBX 450 and set a “buy” rating on the stock in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 450.

Burford Capital Stock Performance

The company has a current ratio of 1.57, a quick ratio of 8.01 and a debt-to-equity ratio of 87.46. The firm has a market capitalization of £683.93 million, a P/E ratio of -0.43, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06. The business’s 50 day simple moving average is GBX 337.91 and its two-hundred day simple moving average is GBX 512.04.

Burford Capital Company Profile

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.