Burford Capital (LON:BUR) Reaches New 52-Week Low – Should You Sell?

Burford Capital Limited (LON:BUR)’s stock price reached a new 52-week low during trading on Thursday. The company traded as low as GBX 286 and last traded at GBX 286.60, with a volume of 73582 shares. The stock had previously closed at GBX 300.40.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 450 price objective on shares of Burford Capital in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Burford Capital has an average rating of “Buy” and a consensus price target of GBX 450.

Burford Capital Trading Up 1.2%

The company has a market cap of £606.49 million, a P/E ratio of -0.36, 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 firm’s 50-day moving average price is GBX 312.79 and its 200-day moving average price is GBX 352.35.

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.