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

Burford Capital Limited (LON:BUR) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 410.73 and traded as low as GBX 312.26. Burford Capital shares last traded at GBX 315.20, with a volume of 68,402 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 450 target price on shares of Burford Capital in a report on Friday, August 7th. One 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 Down 1.0%

The company has a market cap of £695.33 million, a P/E ratio of -0.43, 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. The company has a fifty day moving average of GBX 316.17 and a 200 day moving average of GBX 408.13.

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.